These are my thoughts on Six flags:
The stock bounced today at a really strong support line that lasted from a year ago. Early in 2016, the stock bounced a lot of times on that support line and did run for some nice gains, then a few weeks later the stock broke out of that support line and went really far on the downside. After that, the stock reverse and run for a really good move on the upside bounced back at the old support , restest broke out of that support line and in early 2017 the stock camed back at the old support and did bounced for a nice gain and now today the stock bounced again at that strong support line with a strong candle and with good volume so i am expecting a move on the uspside for the next month. If we look closer what happened the last few days , the stock went down really fast and yesterday the stock close very strong on the downside for a huge loss. today the stock open lower so that was bad for buyers and good for the sellers. The sellers were in control but they couldn't hold the power so the buyers came in and move the stock higher to finished the day with nice gain. The buyers are now in control and thats why im going bullish tomorow. When we see a fast reversal like that , this is positive for the buyers because now all the sellers think the stock will reverse so they either took their profit today or they will wait for an other time. I might be wrong but if the stock go to 58.06 tomorow then i will buy tge stock.
The stock bounced today at a really strong support line that lasted from a year ago. Early in 2016, the stock bounced a lot of times on that support line and did run for some nice gains, then a few weeks later the stock broke out of that support line and went really far on the downside. After that, the stock reverse and run for a really good move on the upside bounced back at the old support , restest broke out of that support line and in early 2017 the stock camed back at the old support and did bounced for a nice gain and now today the stock bounced again at that strong support line with a strong candle and with good volume so i am expecting a move on the uspside for the next month. If we look closer what happened the last few days , the stock went down really fast and yesterday the stock close very strong on the downside for a huge loss. today the stock open lower so that was bad for buyers and good for the sellers. The sellers were in control but they couldn't hold the power so the buyers came in and move the stock higher to finished the day with nice gain. The buyers are now in control and thats why im going bullish tomorow. When we see a fast reversal like that , this is positive for the buyers because now all the sellers think the stock will reverse so they either took their profit today or they will wait for an other time. I might be wrong but if the stock go to 58.06 tomorow then i will buy tge stock.
