Weakening Power
Ballard Power
(
BLDP |
Quote |
Chart |
News |
PowerRating) is resuming its meltdown Wednesday out of a
pullback from low pattern, now down 4 1/8 to 44 9/16. The stock’s chart is
showing little or no support nearby.
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Brocade
(
BRCD |
Quote |
Chart |
News |
PowerRating) is perfoming the same action, and appears headed
for a re-test of the previous low.
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Despite the fact the market is in an oversold condition, it can
continue to remain in that state. Keep your eyes out for a bounce play, but keep
a lookout to the short side in the event we get more downside action.
Until tomorrow,
Duke