May. 26 at 9:16 PM
$CTRM I labeled the Long Upper Wicks on this chart to show you how they can be used as an indicator to predict Bearish momentum. Long Upper Wicks show the limit the Bulls have been willing to go in the recent sessions, without causing a breakout.
Today's Bollinger Bands lay, Top
$2.09, EMA
$1.96 and Bottom
$1.84 with the SP closing at
$1.89 it is deep in Bearish Territory according to the Bollinger Bands.
Today is Day 7 of the Bearish Pivot Reversal with the last 13 Bearish Pivot Reversal lasting around 26 days each.
Today is Day 2 of Closing below
$2.00
The Long Term Low Bearish MSL of
$1.66 was set on 03/30/206. Do you think the SP will stay above
$1.66 during this Bearish Pivot?
Do you believe the Bulls were wrong about this Company yet?
Sell today to prevent a further loss in value.
