Bounce Off Of The Riseing 50 Day Moving Avg

Discussion in 'Technical Analysis' started by TOMMYJR9, Aug 19, 2009.

  1. MY COMPANY STOCK (PAG) IF YOU LOOK AT THE 2-6 MONTH LOOKS LIKE IT WILL BOUNCE OF OF THE 50 M/A ANY INPUT ? WHAT DO THE BARS SAY ? THANKS TOMMY:confused:
     
  2. earnings in the crapper. can't imagine how it ever bounced.
     
  3. TRUE OVERALL TREND IS UP , YES?
     
  4. Lucrum

    Lucrum

    IF it gets back above 18.60 maybe it can repeat the last move up from the 15 area. Much below 17.40 and it looks likely to decline further to me.
     
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  5. I LIKE THE CHART YOU POSTED, WERE DID YOU GET IT FROM ? DID YOU ADD THE BEAT TRAP OR IS THAT PART OF THE SOFTWERE ? ALSO WHAT DOES IT HAVE TO DO TO SHOW CONFORMATION ? (OF A BOUNCE )PLEASE REPLY THANKS TOMMY
     
  6. sorry ment BEAR TRAP .
     
  7. Lucrum

    Lucrum

    Ensign, but most charting software is user configurable.

    Yes I added the "Bear Trap" to the chart.

    Again I'd be watching 18.60 and 17.40.
     
  8. Kubinec

    Kubinec

    That looks like a 50% retracement. Maybe it will rally.