"I think we're going to hit 42c within the week... then who knows where to from there -
- Why?
1> price is bashing the lower of a widening bollinger band.
2> linear regression indicating a downwards price movement.
3> huge gap in the MACD lines indicating a buy
4> CCI, RSI, Williams, Aroons and elder force all indicate bearish movements. "
This is why I don't rely heavily on TA, without any understanding and not following the fundamentals on the stock, the charts are only going to tell you so much.
It's nearly the end of the week, and we're 4c off your target.. to the upside.. then who knows where to from there?
