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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (11701)11/19/2020 9:02:10 AM
From: ajtj991 Recommendation

Recommended By
Lee Lichterman III

  Read Replies (1) | Respond to of 97984
 
Here's the Stockcharts iteration of the SLB daily. Note the red candlestick from yesterday. Also, there are two lines that may be in play if it is correcting. There is a lower channel line, currently around $17.50 and rising, and a falling support/resistance line, currently around $17.90 and falling.

I think price may consolidate from here and eventually tag the 200-day SMA, currently at $18.66 and falling, and the rising channel line. We'll see.




To: Lee Lichterman III who wrote (11701)11/22/2020 8:27:19 PM
From: Lee Lichterman III4 Recommendations

Recommended By
ajtj99
Bocor
Cornstock
Sokka

  Respond to of 97984
 
We are now 12 weeks from the previous peaks which was 12 weeks from the peak before it which was 12 weeks from the March low.
Valuations are stretched to extremes and everyone is betting on the Xmas rally season to kick in.
I don't have any new sell signals and we haven't hit my high target yet but this is going to be a very interesting couple weeks I think.