AUDIO... Watch out below... Possible breakdown on the horizon
Hello Traders,
Audio... looks to be running into massive sell pressure, which should force it to breakdown to the $1.7 range +/-.
Though, if we get another explosion of buying happening we could possibly break upwards but over the short-term, I don't see this happening.
If you bought Audio a while back and you're in a good position, this may not mean a lot to you.
I got in on Audio around $.62 and plan to hold until it breaks $8-$12+, however long that takes.
Good luck!
Audio... looks to be running into massive sell pressure, which should force it to breakdown to the $1.7 range +/-.
Though, if we get another explosion of buying happening we could possibly break upwards but over the short-term, I don't see this happening.
If you bought Audio a while back and you're in a good position, this may not mean a lot to you.
I got in on Audio around $.62 and plan to hold until it breaks $8-$12+, however long that takes.
Good luck!
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