Are reversals after a breakout bad?

Discussion in 'Stocks' started by trendisyourfriend, Jul 31, 2021.

  1. %%
    Good chart; 50dma /200 dma, MOST all the the trends are up on your chart/mine also.
    The confusion is the few downtrends you may see/ are far outnumbered by all the uptrends/all data, daily weekly,monthly , 3 month 6 month,yearly 2 year, 3 year, upsloping 50dma, up 200dma.
    SO one days close doesnt mean much@ all/takes20days closes 50 closes or 200 closes.
    AS far as lower range of one days data,50dma 20,200 days mean much more......................................................
    barchart.com rates it 100% buy, long term, 100% buy medium term, 100 buy short term. I have IBD books,1999- 2008 - now charts .
    Many gaps are bullish; 10% gap up maybe a pause pattern.........................................
    HIS books are a good study, even though i percieve you have read them.Good
     
    #11     Aug 2, 2021
    trendisyourfriend likes this.