Posted by DigiNomad on 7th of Apr 2024 at 08:22 pm
NBR - raymuy, any thoughts on why this hasn't participated much
in the rally so far? The chart looks interesting, but I
personally think the secret sauce to what leads to technical setups
success or failure are the fundamentals. Mixing the two together I
suppose is a major premise of the CANSLIM method, which has been
shown to outperform essentially all other systems over time.
Anyway, just curious if you have any insight into the story
here.
not sure why, suppose you always will have leaders and laggers
NBR is part of the PXJ etf which is actually doing
better than XLE see picture ( source G. I. )
- if it's a real inv head and shoulder, this
just should have been wave 1 and 2 of the right shoulder happening.
it might pop up above the trendline in a wave 3 where
it will show more strength - just a thought on the other
side, it's already up 25% from the bottom
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NBR WEDGE longer time frame,
Posted by raymuy on 6th of Apr 2024 at 12:44 pm
NBR WEDGE longer time frame, short term chart looking like an inverse H & S
NBR - raymuy, any thoughts
Posted by DigiNomad on 7th of Apr 2024 at 08:22 pm
NBR - raymuy, any thoughts on why this hasn't participated much in the rally so far? The chart looks interesting, but I personally think the secret sauce to what leads to technical setups success or failure are the fundamentals. Mixing the two together I suppose is a major premise of the CANSLIM method, which has been shown to outperform essentially all other systems over time. Anyway, just curious if you have any insight into the story here.
not sure why, suppose you
Posted by raymuy on 8th of Apr 2024 at 04:17 am
not sure why, suppose you always will have leaders and laggers NBR is part of the PXJ etf which is actually doing better than XLE see picture ( source G. I. ) - if it's a real inv head and shoulder, this just should have been wave 1 and 2 of the right shoulder happening. it might pop up above the trendline in a wave 3 where it will show more strength - just a thought on the other side, it's already up 25% from the bottom