Fib, Cycle & Geometrical study
This is a chart for the trader that finds pleasure in seeing harmonic and geometric adding up.
Confluence zone in the 19.44 to 19.90 area.
RSI has been visiting the lowest of low and need to break resistens.
The stock will go through a bottoming process... in this area.
For the long term investor the timing for a buy and hold is...
Seems like we've found a support at ~28.20. I put a simple trendline where I could see support forming in the future.
The MACD signal has crossed up, and this bottom is higher than the last on 3/9/15, the BB% bottom is also higher. I could definitely see some more volatile days ahead, but if we can stay above that 28.20 resistance I feel the stock price will...
This is a WEEKLY chart of Lumber Liquidators.
Take a look back. Notice the stock was rising from about March of 2012 all the way to March of 2014. It has been falling ever since (see the red downtrend line). You don't have to know why it's falling by the way. You just have to realize that it has been falling for a year.
If you think now is a good time to...
contrarian buy when everyone's bearish due to the media story and shows
company refutes media sensation, says media tested with different methods than used by regulations and then did not mention that to viewers
fortune.com
The word these days is that the the US economy is back on track and making a nice steady recovery. Tune into any financial media outlet such as CNBC, and all the pundits are talking about this so called "recovery". Housing and construction are a big part of the economy, so I take a look at a stock like Lumber Liquidators Holdings Inc (NYSE:LL) as a good gauge.
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LL has been a great stock and has good fundamentals, this double bottom with good macd could be the start of the next leg up…look for potential break and close above with volume to support it. I would have the stop below the breakout area
