Today's drop found support at the 50ma and created the lower trendline of a symmetrical flag.
The volume on this test is lower than prior tests of the trend at the 50ma. That is slightly bullish.
Today's low is a critical line in the sand, any further downside could break the trend for a while.
Personally I'm holding long term, no trading.
The volume on this test is lower than prior tests of the trend at the 50ma. That is slightly bullish.
Today's low is a critical line in the sand, any further downside could break the trend for a while.
Personally I'm holding long term, no trading.