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| Gator's Chart of the Day: FIO |
Fuison-IO is approaching an interesting point on the chart. It could be that both the impending death cross and price hitting the lateral support line (white) will occur simultaneously. I'm still holding a few January calls that I picked up on November 20th for a trade up to the 200 day. So why didn't I sell them when it hit its head and started back down? Well I did sell almost all I had but these were just back in a corner and I was focused on other things (like FSLR. lol)
The stock is not at a right here right now point but you may want to set an alert. I am expecting it to bounce from 21.30 but I won't be adding until I see the bounce. If it fails I'll cuss and dump the last of those calls. If it does bounce I'll re-load and look for a move back to the 200 day and maybe higher.
