Posted by timebandit on 9th of Nov 2023 at 10:20 am
$CPCE weekly- this chart tracks the 9 week ema, which has reached a level
associated with buy signals. Would tend to argue that this pullback
(if that is indeed what we're seeing today) should be bought. Being
a weekly chart, of course, better for swinging than short-term
trading. Note this is a 20-year chart so difficult to see the moves
back in the "Aughts". Also, note that sell signal did not work for
a long stretch of the pandemic, so this is most certainly not
infallible
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
$CPCE weekly - this chart tracks
Posted by timebandit on 9th of Nov 2023 at 10:20 am
$CPCE weekly - this chart tracks the 9 week ema, which has reached a level associated with buy signals. Would tend to argue that this pullback (if that is indeed what we're seeing today) should be bought. Being a weekly chart, of course, better for swinging than short-term trading. Note this is a 20-year chart so difficult to see the moves back in the "Aughts". Also, note that sell signal did not work for a long stretch of the pandemic, so this is most certainly not infallible