Quickly as I need to go...
2.58 has been support for a while and it held (remember the bad news USAT)... indeed it held.
We should hit 3.5 as it shows no resistance in between. I would say it is important we reach it, and hopefully base from there.
MACD is negative, but has turned up... then again that's wishful thinking as the actual signal has not been given. (but it has improved).
ADX... (at 34), falling on a short term down trend, meaning such trend is weak.... and again no signal yet, looking a bit better.
DMI in positive territory, we need an the strength (as recently shown), and if the ADX line turns up, that may be our signal to give credence to the show of strength.
The recent show of support and strength yesterday is encouraging... but NO GUARANTEES. Today is important as we must show "follow up".
Same goes for Japanese candles, show of strength and some buying coming in.... but repeating, the follow up here is crucial.
And remember this is 1/3 science, 1/3 art, and 1/3 voodoo never dogma.
and yes, my opinion only.
And do not forget this is a bb stock, extremely sensitive to news, then again... what else do we have to go by. as for fundamentals, most everyone know the story here.
Must go... or I will get the SELL SIGNAL REAL SOON <g> |
