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Message: Re: Lower highs, lower lows...

Jan 04, 2018 10:12AM
1
Jan 04, 2018 11:32AM

Hummm,, I aint no technician when it comes to trading analysis but I do know what lower highs are and mean,,,the trend since May of 2013 has seen decreasing highs with multiple gyrations up and down since then,,,,the highs,,,$3.83 on May 17, 2013,,,,,,,,,,,,,$3.13 on April 10, 2015,,,,,,,$2.40 March 17, 2017....then on December 08, 2017 we broke out above this continuous long down trend line which identifies the $2.14 level but we didnt hold!!,,,,as seen from the recent trading this level is showing us resistance,,we reached the $2.20 level once agian a few days ago but got sold off below the trend line which is where we remain again today......its just an observation,,,,,the short term trends during this 4.5 year period have been both up and down and sideways,,,my point being the long term trend is still down on this converging trend range,,there were shorter term trends both up and down in this over all time frame, however we are at a major point in the trend where we either bolster thru this resistance to new highs setting up for a longer term up trend or we follow suit as noted by the analysis and remain below the line until news or other triggers buying....its a simple observation,,,,not rocket science,,,,its a ruff tool of the trade so to speak,,pardon the pun,,,,and its of course not information sent out to trade on,,but well worth watching,,,jmo


Jan 04, 2018 02:59PM

Jan 04, 2018 05:36PM
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