When it all adds up – the Series

Like pullback plays? Well there are plenty of good solid stocks sitting at a good entry spot. Or at the very least, have a great deal of things lining up in your favor.

This is what I like to refer to as – “when it all adds up”.

One chart that I came across tonight that fits in this category is DRI (Darden Restaurants). Below is the chart:

So for this pullback play, here is the checklist:

1) RSI near Oversold conditions at 31

2) Stochastics down with the Titanic at 12.75

3) MACD approaching the Zero line at 0.24

4) RoC drifting down, at -1.90

5) Price near Key Support line. In this case, it is hanging out with the Mr Fifty level

Set your Price Alerts.

 

Leave a Reply

Your email address will not be published.