With majority of stocks deep in the RED today
SGR will need something SPECIAL to try and SAVE it's share price here
With Wednesday around the corner, I just cannot see a positive turn around and thats why I would not be tryign to buy in anticipation of news and trying to guess numbers. So long as this trend is down, spikes on thinning volumes as we have seen is a great sign for shorts to get back in and they are all having every sell order filled
Wednesday, I suspect if THURSDAYS NUMBERS are so bad as I expect them to be, Wednesday should have prices trying to move higher to trap folks to buying it. Bad numbers and another gapdown? Could be looking like STX soon the way its going which I will post for PATTERN COMPARISON
See it? STX also downtrending
ALSO red today
ALSO looking like "Support" but someones offloading a ton into it trapping retails into thinking that was support
Whoever longing will need to cut that
SGR whats the difference?
Both can see supply evident,. with actual demand low. Both have propped depths
Trust the chart, and the trend. They already tried shaking me yesterday and I was real close to booking an L on the short
The swing scalp intraday helped reduce the intraday short sting
I personally have breathing room and once 45c lows are taken out I cannot see 41.5c lows holding ESP off bad news in less than 48hrs
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