DAN is a short idea I have previously charted, in recent days. The false breakout last week gave way to the overall corrective chart reasserting itself. Today, the stock is threatening a bear flag/base breakdown again.
CRM is also notably weak today. I would watch other cloud names to see if the space sells off in unison.
E was my short idea from late night. The bear flag is confirming lower.
As far as one of my recent duds, even though I never took the trade long, as soon as I charted GNE last week the stock collapsed down out of a pretty bull flag. Any news on it?
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I tried to get my son out of GNE last week when it dropped $2 unexplainably. He didn’t heed my word and earlier this week they announced a purchase of Diversegy by their IDT Energy Division … Smart $ must question putting their free cash flow into the slower growing side of the biz vs their fast growing tho speculative shale oil biz … spose to be sitting on huge shale deposits in Bakken and Israel
They didn’t tour much, nice.
Odd thing about this post is my old IBC Name was SteelyDan but I lost the password … Now I’m responding to a Dan thread under Steins$ … Jeesh!