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clock Created with Sketch. 05/03/15
21:16
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Originally posted by splitview
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Given the chart and the recent 65-66 consolidation a downward move was always going to trigger a lot of stops, hence heavy morning selling. VWAP of 59.3 suggest plenty were happy to soak them up. RSI is oversold, hasnt been this low since 9c.
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Even if it is the end of the world there will be, as I see it, a great demand for fire retardants as we're most likely to be immersed in conflagration one way or another. So it's all up from here which ever way you look at it.
