The operable word here is invest. This ain't no trade. What's your hold time horizon? What other options exist as targets for your investment cash over similar time horizon? That would make a good CountryBoy641 thread. A compendium of 'more comfortable investing targets for your cash', all in one place. $500 a year.
I wouldn't touch either of them at this time. We might look at them differently as you want to invest and I prefer to speculate. I look at the 5 year and see an up trend. (Higher highs and higher lows) I would certainly want to look at the weekly chart and then the daily. I would also like to see volume shown. I don't believe what a company did 5 years ago has that much impact on what it is doing today. I guess it depends on the company.
%% Really?? You would buy an auto, a refrig,a radio, a gun, a freezer, a computer........with a 5 year old co?? I would prefer 100 years track record + customer service, or more. Of course not all quality products make a good stock price or ETF price. CoBoy chart post #15 illustrates why a 5 year chart can burn you badly; notice that??
Throwing in a study I like to use in addition to some of the ideas mentioned on this thread: Parabolics ( you can see video here)
%% 15 minutes to close , its up a bit from your $50.40 price; but YTD, may want something better. NOT long or short that one
Hahaha. Wouldn't my SL have been triggered a few days ago - my TP would have been exceeded today. What an f.cking volatile stock ...
But don't you understand? The only reason it popped was because it broke out of the RECTANGLE. If I remember correctly, you drew an invalid TRIANGLE. That was why you got stopped out. Had you instead placed a buy stop order just above the rectangle, you would have been rewarded handsomely, right?
Regarding the rectangle, you're right - my pennant was invalid. Regarding the buy order (doesn't matter if limit or stop) I would have loosed my money, because the daily candle opened WAY above the rectangle and dropped like a stone wayyyyy down. So this is really no asset, you normally like to trade for sure ...
UL was one of the NYSE stocks that had issues this morning. I don't trade equities so can say for sure (?), but maybe just maybe some trades got "broken" later. If so, the day's HL range might be adjusted historically to reflect that. Even it is is not, today's PA doesn't reflect what is typical for this symbol.