"all they have done is shown me what has happened in the past"
Thats it Ron, you are starting to get it! But you are only half way there ... they also tell you about the present, as well as the past!
She gapped up today, tried to go higher, and failed. Exhaustion gap? Possibly, and today's candle also seems to back that up, with a mix of a Gravestone Doji & a Shooting Star, both indicating that we ran out of buyers today. So technically it is "exhausted," and we all know what gravity does when a rising object runs out of velocity!
Now dont wet your pants!!. This will be something that profit takers & short-term traders react to, those that have longer-term fundamental views shouldnt care. The near-term news and announcements to come are well known & should support the SP.
What we dont know is how much of a part has Arena played in this! If it corrects, how long will this be for! And of course, how many more buyers are out there that want to buy in before the auction.
MUS Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
