Long when fall is complete
Substantial pullback involving a strong stock. Usually not volatile. Hit first target and major pull back/sell off occurred.
Possible support at top trend line of ascending triangle or at handle low. Has fallen through support at recent gap up
Holx was also in a rising wedge before break out from A Triangle.
Those rising wedges seem to always catch up with you eventually )o: Long when fall is complete. Rising wedges are usually bearish at the top and can indicate a pull back or a reversal. I do not like them. When selling starts there is a lack of buyers; Too many buyers inside the rising wedge and a lack of healthy pull backs can cause a rising wedge. Boils down to supply and demand
Just an observation as I have owned this for a long time.
Substantial pullback involving a strong stock. Usually not volatile. Hit first target and major pull back/sell off occurred.
Possible support at top trend line of ascending triangle or at handle low. Has fallen through support at recent gap up
Holx was also in a rising wedge before break out from A Triangle.
Those rising wedges seem to always catch up with you eventually )o: Long when fall is complete. Rising wedges are usually bearish at the top and can indicate a pull back or a reversal. I do not like them. When selling starts there is a lack of buyers; Too many buyers inside the rising wedge and a lack of healthy pull backs can cause a rising wedge. Boils down to supply and demand
Just an observation as I have owned this for a long time.