I thought it was a good play on the name myself. Wordgames aside, technically, I thought it looked quite encouraging. The negatives I see are the average volume and, on the weekly chart, most of the indicators pointing down.
This is more than mitigated by the large hammer off support (200 ema daily) on the weekly chart, and on the daily: a large solid white candlestick closing at the high, with all the indicators pointing back up.
What am I missing in this picture?
Daily:
stockcharts.com[e,a]dbclyyay[dc][pb50!d20,2!b200!h.02,.20!c200!c20!c9!c13!i!f][vc60][iut!Ue12,26,21!Ub13!Ud20!Lo13!Ll20!Lp20,9,5!Lah12,26,9!Lf!Lc20]&pref=G
Weekly:
stockcharts.com[e,a]wbclyyay[pd20,2!c20!c50!c40!i!f][vc60][iut!Ue12,26,9!Ub13!Ud20!Lo14!Ll52!Lp10,5,5!Lah8,15,9!Lf!Lc20]&pref=G
Did you do any buying today? I did nothing but watch.
Edit: to my mind, your comment about returning to hag-form could easily apply to anything that closed green today. |
