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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST
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From: rdkflorida29/19/2017 2:32:05 PM
1 Recommendation

Recommended By
Kirk ©

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10 year GE monthly. It's a "busy" looking chart so stay with me. The red boxes show what I consider key points in the trading of the stock. The gold lines from the two low points are key support lines right now. Note the $24.04 area. Bollinger bands are in the blue shaded area and the top and bottom green lines are the Keltner bands with dead center being the "thick" red line. 10 SMA is the "thin" red line (turning down), 50 day is the blue "thin" line (turning down), 200 day is the pink line (turned down), 100 day is the black line (turning UP) YEA!! IMO we are at a key support point. The first gold line needs to hold. If not, support becomes the second gold line. After that the thick blue lines become support. IMO, the PPS could test that $19+ area hit a little over a year ago. Again, it's a "busy" looking chart, but using the chart indicators noted has worked for me. $24.04 is key support at the moment. ALL comments, Pro or Con are welcome. RDK

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