Thank you for telling me a little about yourself and your investments-you are indeed a learned man both in tech and in how to make money. I'll look forward to your posts.
Oh, ANY needs to make a higher high on weekly to have me convinced with an uptrend.
Both of you are awesome.
I will use the line "mourning coffee" if I may !
Let's see if we make a new high above 200sma and stay there.
Good morning !
thank you for mentioning the TC show. I have been wondering how it went and was received. Please post more when time allows.
By the way, huge volume is validating the breakout. Closing price will tell the story better.
Good point as I too wonder about the same. But breakouts may initially happen on low volume and then pick up. Bottom line for me is the afct that a large cap such as PBR moves slowely and espeially now that it has overhead supply, So, I like ot see a new high even on low volume and IMHO we are about ot get it.
Finally I found time to "tend" to CLF. Nothing to get exited about. Bottoming process goes on. Play it per your style. I am long and bullish.
Please DDD. Don't depend on others.
nHOD New High Of The Day is good one my favorite way of measuring how a particular holding is doing.
MBLY just made a nHOD and it is becoming more and more evident that institutional money is buying the stock. 5% moves in $52 stocks do not come by because of my buying ! It is the BIG money. MBLY is to have and to behold.
My indicators have lined up, volume is here, resistance level identified, price alerts set, and now I just seat back and listen to Chair Yellen.
When/if resistances are taken out, alarms will alert me so.
I have to hold my winners, especially if they are turnarounds such as PBR. Hold like a few years.
Please DDD !
First attempt at taking out resistance 1&2 was repelled, even though the market was green. Now having pulled back and dumped the week and day traders, it is about to challenge those resistances again. Of course another pullback is possible. But I have seen the game before, in one of the attempts, PBR will knife through and will become a double digit stock.
And PBR is the stock of institutions, where any buys in these levels are put away long term. Accumulation is B and let's see if it gets better.
Learning Patience & doing DD are the keys.
And NQ is being accumulated as it grinds higher. HOD is always good--if one is long a stock !
Don't let me sway you, I am long NQ and may be biased. DUO DD.
I too struggled with TSLA and eventually got out at breakeven and watched it soar. I never understood it as it traded with huge spreads, as it does now and stock was subject to push & pull of wall street ...as it still is.
Buy I feel "comfortable with MBLY. Just the opposite of TSLA and of course I love the company being first to the market and today's comments on CNBC that MBLY has a "monopoly" on data needed by all.
And like the charts too, we have a winner here, IMHO.
Best of luck to you
9.59 Resistance 1
9.69 Resistance 2
9.69 Resistance 3 (200sma is here)
10.46 Resistance 4 and more difficult at this time
10.55 Resistance 5 the major hurdle after which PBR will make a higher high in weekly
And then the blue skies and never at single digit prices PBR shall be.
Patience and unbiased due diligence are the secrets here.
I still like this post of 6/2/15. Why? Because of the ensoing price gains validating th eobservation. Don't you holders of PBR love those shorts? They are the future buyers of your stock. Shorts are the ones pushing PBR into DOUBLE digits--starting with digit "2" such as $20. Don't debate it. Just enjoy it.