Wash out day for ROC...support at 69.5. Would expect shorters to buy shares now to cover thier positions. Buyers at 68,68.5 may miss out as this is a classic throwback after a breakout. Close above previous days intraday high is the buy signal. ie. would have to close above 72.5 today for a buy signal which is not likely. However waiting for the buy signal you may lose a large % of the gains in the breakout. I bought at 69 cents this morning and have set a tight stop loss. Should be a nice ride up this time if it turn around and re bounds of the line of support. Note the wall of sellers at 75 cents.
ROC Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
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