Leveling off and preparing to finish the year strong? I think so.
But it isn't about being right or wrong. It is about making a decision and knowing where you are going to get out before you take your position. NYSE:GE
Not good to buy and hold through long weekends for traders, but this one will probably take more than a few days to reach its next peak. Expecting to hold for a month. If it starts to dip, will either sell and re-buy at the second level of support or just add to position at second support depending on RSI
Know before you go.
Yes, looks like we have a double bottom - a confirmation of a trend reversal....and a little research into the company, it looks good. Should be a good long term portfolio add, BUT it currently way over bought according to the RSI and I've read and seen play out that double bottoms/head and shoulders typically will trend reverse the same distance from the neckline...
The chart does the talking here, it was over bought, now its over sold.....9% gain is a stretch but the risk is so small it worth the gamble here.
Confirmed long above 11.15
Continued short if it breaks out of my channel.
A consolidation proceeding a long bearish market. The tell tell sign that this chart should hit another spike or have a trend reversal is the bottoming out point is higher on the second consolidation.
Expecting a jump within the next 1-2 weeks. Target set to double current price on hype, hopefully we get even half of that.