I know it is not popular to say that stocks go down as well as up but the truth is that they do and why not profit from it if you can. FMG weekly chart here is showing a perfect setup for shorting or to buy a put option. A double head on the weekly followed by all three indicators down. It could potentially get belted back to $3.00 because we know that this is a favourite of the funds to short. Once they start they really go boots in on it.
No comments:
Post a Comment