nice cup and handle formation .... any t/a's out there ???
i'm a bit baffled by the outsized volumes the past few days and no so much price appreciation ..
i'm guessing that there is/was a ton of resistance , which has also allowed the shorts to cover a lot
on the cheap ...
however , i cannot remember seeing any stock gap up 5 days in a row and today might be 6 ....
the big money might not be made here for another 2-3 years , but it sure is looking like
a good bet now ... garce
All I see is a worrisome sell off in Feb. due to downgrades and fears followed the the current rise in valuation once those fears were dispelled. Charts have some impact because some people by according to the charts. My observation is that charts can be just as wrong as they are right. There is also some manipulation of stocks by hedge funds but when it comes down to the basics, momentum and sentiment always seem to win out. I think right now bullish sentiment and momentum is going to override both chart dynamics and MM's....but I'm only guessing ! LOL...LSP
I cant see a handle I am no tech pro, as for the rest short are good in time they will cover but will manage the price imo. With 1600x norm opt activity they want to crush them Mon we start fresh just my manipulation paranoia #$%$ one caveat shorts used options to lay off but I don’t think so
take care garce G
might be forming , a pullback to 390 would complete the handle ... t/a is a little bit more than
a curiosity to me , just one of the tools in the box .... fundamentals are looking very very
good here .... g
a small one , so far , off the Tuesday intraday high .... if the drifts down to around 3.95 or so ,
then we'll have the handle .... still .. this week has been extremely bullish , any way that you
look at it ...