SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Chart Formations
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cola Can who wrote (231)8/27/1999 7:50:00 AM
From: Casaubon  Read Replies (2) of 967
 
it looks like its going to trade sideways to slightly down a while, until it tags the lower bollinger band
iqc.com
on the above weekly scale, it looks like it is building a pretty nice base after recently running into longterm horizontal resistance (about 110 or so).

However, stepping back to the monthly scale you can see that this stock looks like it got ahead of itself.
iqc.com
It tagged the upper bollinger band, but the RSI is not that high. This suggests to me that the stock will probably look to find support near $85, before making another run for the top. The bollinger bands give you a clue about the volatility of the stock relative to itself. The fact that this stock is an the upper range of its' volatility, on the monthly timeframe, suggests consolidation is in order.

I'm going to follow this, the chart looks good.

Disclosure: I am learning TA and do not have much experience.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News