Hi, I2.
I assume that you are posting primarily for BigSky's benefit.
I agree that we have an ageing bull situation and it is much harder to find good Ted formations, especially long, mostly flat (maybe a slight downward slope) chart formations.
I have a few comments.
PRTS had a classic markup period followed by a very jagged topping period as Ted described. Very often these stocks will not be ready for another big move up for a long time, but in the low range like PRTS is, they can sometimes produce a 200% quick move up.
I like the looks of OESX and RDI but they don't appear to be ready to give a buy signal. I would be looking at a shortened time frame to view the bottom a little better. On the price scale we are see, it is hard to tell if they are going through a quiet period. The volume activity suggest a little too much interest by the public. They haven't given up on the stock just yet.
Finally, TSE looks like a nice sloping decline and possibly a buy signal back in 2024 but after a quick move up the long downward grind should be disheartening the public even more. Watch this one for another buy signal.
Actually, all are worth putting on a watch-list. Also check out a few fundamentals like debt and long term debt, whether they pay a dividend, and how EPS is trending including the expectations for the next quarter and year. The free FINVIZ screener can help with this. Enter the individual stock symbol and it will provide much of this data. These fundamentals are not a requirement for a move up since we know that most of the moves are orchestrated by manipulated, but when we find one with some good fundamentals, we might just get an up-move with legs.
WEagle |
