yippee gap filled, page-65

Hope no-one got caught buying on the pump last week. It looked to me like the shorts took their foot off the pedal so they could sell a few more in the mid $1.20s into unsuspecting buyers.

Weekly stochastics and MACD are turning towards a bearish bias. There's no substantial buying kicking in at these prices. With a break below $1.195, the bear flag continuation pattern spits out a target of about 85c on the daily chart. They're never a dead set certainty of panning out perfectly, but I figured it was worth mentioning.

Daily stochastics have further to fall yet if they are to hit the support line at 5.5.

Price could pull up around the $1.12 or $1 mark so a trade opportunity on the long side could arise there, but keep a tight stop loss in case they're sending it into the mid 80s.