re: catbear charts Hi catbear I hope this is enough
It is an interesting chart
One certainly needs to tip the scales with a TA/FA mix imo
this first one is the weekly.
It shows a series of higher highs and fibline support which seems to have also been the base support for the daily chart flag retrace base..and consequently a stoploss point imo..It has also picked up the 30period weighted MA which is a positive, as a rule of thumb I would not go long on a stock trading below this weekly MA.
As for the retrace the flag on the second daily chart needs to hold the triangle breakout at 43 the stochastics while lagging are still very high and turning down and needs a close watch. I have a zero lag MACD which has just merged as a sell, It still obviously lags and todays action may have just turned it back up..as the RSI shows
does that make sense?
re: catbear charts Hi catbear I hope this is enoughIt is an...
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