A Dark Cloud Cover Pattern (1st level reversal pattern) was formed on the uptrend channel. The stock may retrace back to $0.35 where this is the support line of the channel and 20D MA. If it breaks this support level, next support is $0.33. The uptrend channel probably ends when it reaches the $0.33 level.
Synear – Trend Reversal!
- Post author:Marubozu
- Post published:October 1, 2009
- Post category:Synear
- Post comments:0 Comments
Tags: Dark Cloud Cover