After banking my long trade on this stock (out of fear) I asked myself "If you are too scared to be long, why then, are you not short?". Hence my decision to swing short.
FSR has hit a bit of a resistance now and the last two days have given us a couple long tail failing highs. Therefor I think resistance is going to hold here and we should see a small pull-back here. Also...take note of how all those moving averages are getting dragged lower...certainly not a sign of strength. robp@unum.co.za
FSR has hit a bit of a resistance now and the last two days have given us a couple long tail failing highs. Therefor I think resistance is going to hold here and we should see a small pull-back here. Also...take note of how all those moving averages are getting dragged lower...certainly not a sign of strength. robp@unum.co.za