So dead cat bounce or was I wrong? $SAR Saracen Mineral
Saracen Mineral most likely heading for a green 9 on the 2D chart and this cannot be ignored.
By looking at previous green 9 signals on the TD Sequential, it often show a temporary top before moving higher or lower.
Nothing is certain in the stock market, so here are my two predictions for the next few days/weeks.
1. Red Arrow - We hit resistance starts retracting back to the moving averages or trend line support.
2. Green Arrow - We have "profit taking" for a few days/weeks to create an inverse head and shoulders and then continue to go higher.
So was I wrong about the dead cat bounce or was I correct? let's see.
P.S I am holding this stock.
By looking at previous green 9 signals on the TD Sequential, it often show a temporary top before moving higher or lower.
Nothing is certain in the stock market, so here are my two predictions for the next few days/weeks.
1. Red Arrow - We hit resistance starts retracting back to the moving averages or trend line support.
2. Green Arrow - We have "profit taking" for a few days/weeks to create an inverse head and shoulders and then continue to go higher.
So was I wrong about the dead cat bounce or was I correct? let's see.
P.S I am holding this stock.
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