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Hey Chess, in a post from about couple weeks ago, you mentioned the bullish engulfing candle is very powerful, do you see SINA today as one of such case and possibly have a follow through to the upside?
Thanks for all your great work, you really helped me tremendously on the market.
Thanks, Slick. I would say the SINA candle today is not so much a bullish engulfing (b/c that is more valid after a prior downtrend when you are looking for signs of a potential bullish reversal), as it is just a bullish candle in general as the stock tries to break out from consolidation.
Re $SINA, nice double bottmon at 48, and this high VOL WRB (wide range bar) is pushing off the mid-bollenger band..target #1, top of band @ 71. Already up 2x ATR, I would buy pullback. refer to $BA for example of pb to buy. stay green
$TXN another example of a BO w/Vol buy the pb
thanks guys