Hammer formation after gap down suggests stock may have found bottom. Barring any unforeseen circumstances, a technical rebound towards gap resistance at $10.46 is expected. Rally above this gap resistance will probably be capped by 20 days EMA resistance line. Major Support Zone $10.16 to $9.80 unlikely to be broken. Major technical review if this support fails.
1 comment:
Thank you!
Your blog is so cool and quite hi-tech compared to mine. :) I have no widgets and don't even know how to post some on my nlog. :p
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