Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (54131)	1/8/2019 11:30:20 AM
From: Doug R	2 Recommendations Recommended By RWS Woody Read Replies (2) \| Respond to of 79479

APPS with MDTL and a target line. There's a bevel so this target line is an IL. Keep in mind that there are no guarantees that the existence of a target line or IL means the line will be reached. They are only used for knowing when to sell IF they are reached or surpassed. Since APPS has already had the breakout, retest then a volume move up from retest, there should be no more retesting of the MDTL and any pullbacks from here will be modest as the climb back to the relevant previous all-time high continues. (The volume supported move off retest came as 2 consecutive days with a combined volume over 2 mil.) But, as always, stops are recommended.