hanging in there, page-18

handbags aside, anybody care to take a TA peek at the ST prospects?

The warning signs were there mid october when we had a series of upper wicks indicating failure to break past resistance. Resistance confirmed late Oct/early Nov as momentum peters out. TIghtening bollies leading to breakout (in wrong direction) from ascending triangle. Succession of dojis and tall wicks all hitting same resistance and failing to close above was a clear warning IMHO esp. in conjunction with volumes.

Note volumes declining as news dries up and all indicators turn south (negative MACD cross, negative SMA cross, negative DMI cross).

You'd be brave to predict the gap closing back to 20s, but currently there is little to indicate an imminent reversal is on the cards. 50c would be my next target which someone on another thread has pointed out would be 50% fib retracement of the recent gains. Of course good news, anything goes.

Just my 2c, please critique. Personally I don't have too much risk appetite left so I would be waiting until support is confirmed

On a side note. as and as much as I agree with much of what schlomo says, disregarding charts/TA is just.... wow.....