FMG Technical Analysis, page-11368

MY CALL in Feb was a 20-22 annual low
Its now plumbing around mid 21

SPOT ON so far.
I was derided and mocked but proven correct yet again.

today another red candle after a false start higher open
the open gain was smashed back to the prior close around 21.80
sits as a red body -38c 0c neck 11c tail
again the tail exceeds the neck
again the 22 was broken down
again a longer red body
again the higher open got smashed back to start

SHORTS are in charge
the BULL TRAP has been springing

However, a ledge has been found around 21.00 - 22.00 and tested a few times this month
Several daily tails have rebounded off 21.00 area back to mid 21s.
the CLIFF FACE has stopped and a floor found.
I expect zigzagging till end July then rebound DCBounce in August then new lows in Sept/Oct as usual.

Support is building around this level but the SHORTS aint done yet and may try to break this ledge down like they did at 24.50 - 25.50 in March and April.

Shoulda taken the money in Feb and ran Toombs.