>>[HD] Anyone have thoughts on this one?<<
Basically, I have no idea (as will be revealed in a second <g>), but since your post was in reply to one of my posts, I thought I'd take a speculative stab at it anyway. <vbg>
There was nice action in HD today, although I wonder if it may pull back a little at some point during the next few sessions before continuing upward? It seems like it's starting to get into oversold territory, and I'm not sure what to make of today's candle -- fairly bullish but with a decent size upper shadow. The candle was quite bullish most of the day, but there was a lot of selling pressure just after 2:30pm at intraday highs. However, there was also some supportive buying at the session's close which is promising I suppose (then again it was options expiration!).
stockcharts.com[r,a]ifclyyay[d2][pc40!f][vc60][iUp15,5,5!Lk14]&pref=G
Overall, I wonder whether the stock may pull back toward the mid-section of the BBs before continuing upward?
stockcharts.com[w,a]dfclyyay[db][pb50!b200!d20,2!b20!f][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3!Li5,3,3!Lg!Lyb20,2.0]&pref=G
It does seem a little overextended. On the other hand, stocks that have big run-ups can stay in overextended states for a long time, so I suppose it could just continue heading north. Am I hedging my answer enough??? <vbg> As you can see, I'm not quite certain (an understatement to be sure!). Hey, I'm still a newbie after all! <g> (I know you hate when I say that mc! <g>)
My TA is elementary, but I figured I'd throw a few of my thoughts out there nonetheless. All just speculation.
Have a good weekend everyone. And please feel free to correct any errors I've made. <g> |
