I like this ticker but i think it has a pullback making its way. At 82 dollars double top with the divergence this would have had made a clean shot but considering strength and how surprised we have been in this run i was waiting for this kind of move that i call the extended divergence (reflecting strength or euphoria depending on macro). Considering the chart an educated guess would make me pick scenario -a rather than -b, i think the industry has a lot more under the hood.
Comments
BEI
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i will be certainly looking to buy soon, i will study the chart, trade is over
BEI
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I think its going to second target, might consolidate a bit but i'd wait before making a buy on this one
BEI
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first target achieved
biffdog
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BEI some shorts that are obvious bear flags that have blown their 20 day... CAKE BWLD any rise in oil prices will kill restaurant stocks... but these are already fading. some something to chew on... these are swing trades
biffdog
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BEI first objective for AA X and MMM are 20 day ma line...
biffdog
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Good day BEI ! it is 12.29 and I am reading about record freezing tempertures! Not here it is actually warm here ! I do not have a signal on DDD, it has not breached my red line... but X and AA are shorts as is MMM. They have all just breached the red line and that line has a sweet curve and is far enough from midline of bband to be a viable signal. There may be a slight rise up... and any strength should be shorted. I plan on shorting the above tommorrow. Are you in DDD ?
BEI
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BTW green boxes are take profit zones, considering we are fading i will not hesitate to do so and re-evaluate accordingly. 81.5 - 74.7 - 61.83 - 51.88