ThomasHagg

ThomasHagg

Seeing the way the MACD and MFI is acting, I would say there is significant risk to the downside. However if you are already long from the recent low, then I would probably look for a continuation of the more obvious trend Could we see a retest of the recent large red candles midpoint? Possibly. And then either re-enter the bearish channel or chug through the...

ThomasHagg

Home Depot has declined slightly in the bullish trend. It is sitting in a flaglike pattern while Stochastics is coiled as well. Volumes are sinking and thus not giving much info. We have a candlestick reversal-pattern, signaling 116$+ level is potential first target if we break through channel possibly on the coiled Stochastics breaking up. If we start to tumble...