a live example of what I'm talking about. EWZ, incredible
buying opportunity here buying in at rising 50 day MA and
outperform SPX?
Or about to break down out of a bear flag and continue to
underperform?
Same thing happened with AAPL in June-July. Sure looked
like a bear flag setting up, then lo and behold, space shot higher
(without paranoid me on board).
Posted by frtaylor on 27th of Sep 2012 at 12:18 pm
Interesting question! A couple things to note, there is
MACD divergence on the daily, and yesterday's hammer candle was on
average volume. My sense of the chart (as a total amateur)
is that if it did pullback, the low of Sept 4th would likely hold,
and it would be a good buying opportunity.
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a live example of what
Bear flag or base building bottom
Posted by kalinm on 27th of Sep 2012 at 11:58 am
a live example of what I'm talking about. EWZ, incredible buying opportunity here buying in at rising 50 day MA and outperform SPX?
Or about to break down out of a bear flag and continue to underperform?
Same thing happened with AAPL in June-July. Sure looked like a bear flag setting up, then lo and behold, space shot higher (without paranoid me on board).
Interesting question! A couple things
Posted by frtaylor on 27th of Sep 2012 at 12:18 pm
Interesting question! A couple things to note, there is MACD divergence on the daily, and yesterday's hammer candle was on average volume. My sense of the chart (as a total amateur) is that if it did pullback, the low of Sept 4th would likely hold, and it would be a good buying opportunity.