This looks like an oversold bounce, it's not extremely strong in 3C, but it was calling for a bounce. I'd probably look at this as a very short term bounce opportunity, but more likely an opportunity to set up a short at a better risk:reward entry point.
3 comments:
How's the averages looking going into the close Brandt? Strong/Weak close, up/down day tomorrow? What's 3C saying?
All my trades are short 3 - 7 days unless it has very strong momentum.
Just posted an update.
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