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Is this finally the bottom for $TRUMP or are we just catching a falling knife?
The price is sitting at 2.95 right now and honestly it looks heavy. We just broke below that 3.20 support level that was holding things together for the last few weeks. When a level like that flips from support to resistance it usually leads to more pain.
The next major area to watch is probably around 2.50 because there isn't much stopping it from sliding further. Volume is picking up slightly on the sell side which isn't a great sign for the bulls.
I’m staying on the sidelines for this one until I see a real reversal pattern. Right now the trend is clearly down and fighting it is a good way to lose money.
#GateFebruaryTransparencyReport