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RE: The 3 Minute Question: Are the Shorts In Control of Equities?
Pros: Above 50dma, all major m.a.'s moving up, moved above resistance
Cons: Didn't stay above resistance, may need to revisit a rising 200dma and close the lower gap before breaking out
Exactly what I thought you would say. And yes I did see that gap. This company could explode. They are going to rebuild alot of Houston after this destruction stops. Talks of contracts for major rebuilding. Their last earnings report was up 228%
Keep me updated on its price action.
Last time it touched the 200 it went up 182%. Look to the left. Right?
True. Good catch.