Supervale, More further explanations why DML is very much in the down trend.
Supervalue, 7 days ago, DML broke that nearly 60 degree support line[ if you draw the bottom line of each day'. This called a "spike" pattern. It implies that this concept of pots and pans in that SVB is no longer supported, otherwise the price would keep supported as it did for the last 5 months to be exact. But insiders and outsiders know that the material from first reports proved there is no such things to justify that concept of pots and pans in the SVB areas,next day prices dropped further with significant volume, next day opened gap up and note that this is not even closed yet as of today, to say the least how bearish it is. and next 3 days, open candle sticks for every day , these 3 days market closed at their days' low. Except yesterday managed a king dead cat bounce. but todays, here you go again, it goes down again. I could short this DML at @2.00 and easily make some money too, [ however, I would set stop loss at $2.10] therefore I would not lose my shorts totally and become A FULL MONTY.
hahaha!!! wHAT A MARKET PLACE!!!! tHAT vse vACCUM MACHINE STILL SUCKS EVERY PAPER IT CAN GETS. Of course, lots brokers make living out of the mechanism system.
Ironically, DML it took more than 5 months to make it up there $3.00 but it took only 5 days to drop its prices, note that volume when prices go down, volume also increases except yesterday.
I hope I am wrong. But I have "no-me theory' this is it that "market theory" I write what market is doing. By the way don't fight the tape.
It appears that CWA stood quite strong, the other day every SVB stock went down except that CWA and GYR. Markets like the Okak Bay properties right now you see. |
