sjzeno
05-19-2008, 09:55 AM
Anyone who is good at reading charts can you check this out and tell me what you think? I am still new to reading charts but is this a descending triangle??
The 6 month shows support at around 4.40 while the highs keep getting lower and lower 7.33, 6, 5.21, and its currently at 4.88
What would you do when you see a chart like this.
10 ma is also below 30 ema
I would like to short this but scottrade says I cant because it is under $5, do you guys use any other brokers that allow you to short under $5 or?
The 6 month shows support at around 4.40 while the highs keep getting lower and lower 7.33, 6, 5.21, and its currently at 4.88
What would you do when you see a chart like this.
10 ma is also below 30 ema
I would like to short this but scottrade says I cant because it is under $5, do you guys use any other brokers that allow you to short under $5 or?