Charts for Breakout II Message Board

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Strategies & Market Trends : Charts for Breakout II

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To: Rarebird who wrote (8097)	11/8/2021 3:29:27 PM
From: Rarebird	Read Replies (1) of 8531

TSE chart: schrts.co The stock fell 30 points from its March high and has now rallied 15 points or retraced half its losses. One needs to be careful here considering the stock has tested its 200-SMA and failed. Stock is now down close to 7% and the momentum traders are bailing. On the other hand, I see a i-ii wave set up from the March 2020 low. But that does not preclude further weakness. Bottom line: Short term is very dicey. Intermediate term is very bullish

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