lauralea

ABC Bullish Pull Back Fishing

Long
NASDAQ:SPLK   None
Target is D..R overhead

Possible stop under C or under 159..we all have a different tolerance for a stop loss and I am horrible about using them but I need to do so. I use them when I am in trouble but that is a bad practice. Maybe hide it if you want to hold on..

Has pulled back quite a bit and not quite to long entry level..

OBV and NV are high..be careful

ABC patterns are small corrective patterns inside a bigger pattern. They are a measured move down inside of a measured move up.

Big Gap above and small gaps below. Gaps provide S&R so can come in handy. Contrary to opinion, gaps do not always fill and breakaway gaps are the least likely to fill /..at least in the near term..whatever that is (o:

Not a recommendation..
Could be folks above who are stuck at their "Puke Point" )o: I define the "puke point" as I can not lose another penny on this!

I am thinking it will be a difficult trip up..plus tech is trying to rotate out, but only trying so far and has not done so really. Just a bad time to be down here for SPLK. They are just waiting to unload and maybe feeling inept for buying above,,but how could they have known? The ugly tops would have been one way but we do not always see those until the deed is done
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