The top does not look so hot. Looks very similar to a complicated head and shoulders, or simply an ugly top.
If this is an ugly top price has fallen past the neckline.
I love this stock and I own a lot of it so I am not thrilled with this chart. I will hang however and buy more when I think it is time. I bought this for my IRA several years ago when this was well under $100. There is just not telling what the market has in store and I am hoping a level of support kicks in soon with consolidation at that level.
Price is under the 50 and the 100 SMA. Negative volume remains high. Oversold on daily RSI.
No recommendation.
It is important to look up at where price has been, but equally important or even more so, to look down at where price has been.
If this is an ugly top price has fallen past the neckline.
I love this stock and I own a lot of it so I am not thrilled with this chart. I will hang however and buy more when I think it is time. I bought this for my IRA several years ago when this was well under $100. There is just not telling what the market has in store and I am hoping a level of support kicks in soon with consolidation at that level.
Price is under the 50 and the 100 SMA. Negative volume remains high. Oversold on daily RSI.
No recommendation.
It is important to look up at where price has been, but equally important or even more so, to look down at where price has been.
Commentaire:
There are unbroken rising wedges below price. Thx Lavon