![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMy2xTjgoT4h1uogWG7ojLePxuieMFSxrDHLHpsUBG9eGoViUOCFZRMzkjXpYdSX9WU0_Awn71cNmzDpCQOwiGhOND_oF-KEicTF21m3yuXPekqZJj9uHqLosRco0zNzcrGMgVCBzbst8/s1600/fio1210.png) |
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.