Saturday, September 7, 2013

Further Discourse on the Trading of SBB

I'm getting ready to re-enter SBB. Problems I'm seeing now though is that the price action may be changing. Instead of tracing back down to the support line at around $1 it may follow the trend line which starts at the low of $0.81. As well, the price has closed right at the 50DMA. Monday will be interesting to see if it goes back above the 50DMA, which I will take as confirmation of a change in price action and a change to the trend line.

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