Pascal
05-19-2015, 03:42 AM
GCO is an apparel company. The sector is weak and in a short mode.
GCO is in a down-trend, but bouncing back up, helped by the general market.
30268
30269
We can see that buyers are non-existent even during this bounce.
30271
When shorting a stock, it is very important to check the Supply indicator and the Volume Histogram.
These tell you where the market forces are right now.
30270
The stats indicate that shorting an overbought situation is interesting.
30267
The short zone is shown below.
30272
GCO is in a down-trend, but bouncing back up, helped by the general market.
30268
30269
We can see that buyers are non-existent even during this bounce.
30271
When shorting a stock, it is very important to check the Supply indicator and the Volume Histogram.
These tell you where the market forces are right now.
30270
The stats indicate that shorting an overbought situation is interesting.
30267
The short zone is shown below.
30272