$LB took a dip under the lower rail of this
Down Channel this week but has bounced nicely as most stocks rallied:
– DM 9:40 AM CST
Here is some perspective on $EL using a few different
Weekly charts. First, a chart with no trend-lines drawn:
Now let’s draw a few lines,
change the lens:
Chart #2 has something noted worth pointing out: the
Red arrow points to the RSI dipping under 40. Buyers in the past have stepped in here. – DM 11:40 AM CST
Posted in Charts, Homework, Simple Approach, Trading 101, Trading Patterns |
Tagged $CAB, $DBA, $DBC, $EXPD, $GS, $PII, $XME, $ZLTQ |
Ok, I’m calm now. I have had $RDWR on my
pullback buy list for a while but it seems all I did was watch – and watch – as it filled the gap.
The saying “you can’t kiss every girl” comes to mind but this one does smart a little.
– DM 11:05 AM CST
For those that are not familiar with the designation of a “Higher Low” on a stock chart – I bring you the Daily on $XOM:
— DM 12:05 PM CST
I had watched a 60 minutes segment on our nations’ infrastructure yesterday (focus on Bridges) and had figured that $CBI would get some attention today. This is what actually happened:
Sellers have kept showing up at the
RSI 60 level and you can see what has happened after each event.