columbus, i never paid much attention to charts and technical trading but you post got me doing a little research to understand what you are talking about with pennants. i think we ignore charts at our peril , there are some real advantages to adding technicals to our research. thanks for you comments. i found the following interesting , a simple two year chart with 150 day moving average. very scary looking.
I have given up on SEB. I have found a better vehicle for high risk growth and I don't even need to do heavy trading. Check out the six month chart:
Be sure to use a Roth IRA for this stock.
Yeah, that's kind of long term for me. but I see what you mean. Definite problem getting through that $2700 ceiling. Market wide problems have weighed during the last five years. Looking for a very tight range this week.
I think you wrong. I think you will see a BIG move up. Bollingers are tightening. Funds need shares. Smart money is building up their positons for a very nice move higher..These are long term hold funds who do not day trade SEB,,,
Well, a pennant suggests the stock will break up or down rather than continue in the current sideways pattern.
I've heard negative things about agricultural stocks lately. I try not to fight the "experts" (learned my lesson in copper last year).
I'll stay on the sidelines for a week or two until one of the following happens: 1) a price breakout up or down with confirmation; 2) some kind of news that changes the fundamentals.