avgjoetrader

Short side Retracement levels show pps hit 61.8% Retracement and bounced back down. Indication is that stock price may continue downtrend. Accum/Distrib and RSI have lowered but have not created new lows from the "current trends" low while the MACD has risen slightly. RSI has dropped below 50 indicating that the "bears" have taken control.

avgjoetrader
avgjoetrader Dec 31, 14 2:43 AM

12/30/2015: An inverted hammer candlestick has formed (Watch for confirmation candle tomorrow for a reversal of current long term downtrend. Confirmation of long term downtrend break would currently be $2.87 to make a new high off of recent new low.)

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