Although we have seen reductions in selling momentum the stock has steadily moved lower following more buy signals by the Willy Oscillator. What gives me great conviction in this play is that regarding gap downs, they tend to act as support. We also have a VPCI buy indication on the daily which tends to give early buy indications. My signal to get out of this play is if the selling momentum starts to ramp up. I believe the probabilities on our side, therefore this is a great entry.
Bullish Signals
-Bullish Divergence
-Gap Down(support)
-Willy Oscillator
-VPCI (daily)
Gap Up Target
-70
Bullish Signals
-Bullish Divergence
-Gap Down(support)
-Willy Oscillator
-VPCI (daily)
Gap Up Target
-70