oversold, page-3

Massive sell off again at close back to $36.60 support.

Price is at upper end of my retrace target.

38.2% fib lies just under at $36.50, today's rejected low.

Price has hugged the lower bollinger band four consecutive days. Most unusual. Last seen during the plunges of October and July last year.

Bands are still tight, indicative of a big move coming, up or down. Stochastics are very oversold, so could be up....But we also had a cross down of the 9 day sma through the 25 day sma today, which is bearish.

Early next week the picture will become clearer, no doubt.

My target today was $37.60, and after the chaotic open it became clear it would not be met, so scrambled out with a small scalp.

When I say chaotic open, the high was reached in 2 nano-seconds right at the open. Blink and you miss it, don't blink and you still miss it. Lightning fast fingers at play.