Doug,
<<<Today's price action was the first notable drop since that first support level was reached at $18. Since then we peaked at $22, and today dropped back to $20, which is 50% of the recent gain. So, we've hit another support level. In the next few days, we should either begin to rise again (with a pause just below $22, probably) or break the support and fall to the next one, at $18.>>>>
After it does this how high will it go, oh Swami predict. The thing that drives me crazy with technical analysis and I like Candlesticks is that you are always chasing your wick. To me the real art is in following the data, real time, with one screen in front of you that shows the enemy (MM's)and all the dynamic data, like candlesticks, with all the info you can get into the screen and taking a bold stroke in realtime, on that intangible called judgement and experience. This is the challange a stock like Creaf presents for me. Thanks for your post and analysis.
DrRisk long on Creaf 18k sold 10k for tax purposes at end of year. Will accumulate further on dips below 20. Good luck |
