DmansDad - STO on the daily. - Market sold off post completion...

DmansDad - STO on the daily.



- Market sold off post completion of smaller blue range (aligns with horizontal resistance region;
- Red arrow down is a possibility and aligns with horizontal support.Price is currently sitting on all time high/low fib level.
- Stochs broken uptrend and look to fall further (most likely fall back and MACD to reach support line in my view)
- Potential for long blue range to complete, just cant rule it out.

- note the majority of volume on price sits under current last traded price (below fib support level). so majority of register has paper profit if i am understanding this indicator appropriately and unlikely to sell? Not so sure about this fact though.... considering STO has posted negative share price gains (SFA - id be pretty cut as a LT holder) since march 09 relative to the rest of the market.