Well I agree with SJ and just to add....It's been my experience that each stock has its own "personality" so to speak.. which to my way of thinking is to be expected, primarily because the same group of people tend to trade the same stock regularly......
Charts really are nothing more than a visual representation of past buying and selling...so if the same crowd trade the same stock on a regular basis it stands to reason that the chart will reflect this....
That's why I like to trade the same stock over and over again rather than trade several different ones at a time....
I'm not sure this applies to stocks that have a move once in a blue moon because they are not really trading stocks
MEO Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held