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

To: tntpal who wrote (30838)	7/16/2021 4:14:20 PM
From: ajtj99	1 Recommendation Recommended By tntpal Read Replies (2) \| Respond to of 97539

It looks like $18.29 or $19.51 should be good places for SU to bounce. I'd be looking for a 20% bounce from one of those areas, then a flush as a weekly H&S top targeting that daily gap around $12 could be in play: schrts.co

To: tntpal who wrote (30838)	7/17/2021 3:24:07 AM
From: Jacob Snyder	3 Recommendations Recommended By DayTraderKidd tntpal towerdog Read Replies (1) \| Respond to of 97539

SU: schrts.co As we talked about all day Friday on this board, the pandemic-sensitive stocks got slammed. Oil, airlines, cruise lines, casinos, etc. What you or I think about the pandemic does not matter; the market thinks it is real, and another wave is coming. So at this point I would be wary of catching a falling knife. I added to my SU at 23.6, at the end of June. I thought it was in a sustained uptrend, and expected it to bounce at the 50dma. Instead, the pattern changed. This stock will come back: management is buying back shares, paying a decent dividend, leverage is modest. A real business with real profits. So do not worry if the price moves against you for a while. I plan to add again, when SU stops making new lows for at least a few days, on high volume. At a guess, it is 50% odds the 200dma holds. I have been raising cash, for opportunities like this.