This is a quarterly chart, dating back to 2001, for a prominent firm which would probably be in the Dow Jones Industrial Average, if not for another reason.
- Name the company; and
- Chime in as to what this chart means for the stock going forward, if not the broad market.
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Visa?
visa went public in 08′ this chart goes back to at least 2001
UNP, thanks for the guess!
I’d love to say it’s some biotech stock which would mean we’re as extended as a penis on viagra, priced to cum all over the place and shrink by 50% …. but it’s UNP, which means railroads better lead to Mars or we’re about to come back to planet earth
Hit the nail on the head here…
Agree–Great job Juice, thank you!
That little green thingy in the upper right corner (if I was Japanese I guess I might call it a doji star, but I’m not Japanese) ain’t so hot, portending all kinds of bad stuff happening 🙂
But I hasten to point out there was a similar thingy right above the “12” on the chart, a small real body entirely above the preceding real body, and we had a nice gain right afterwards.
But, assuming the brown line is the 20 period SMA, or 20 quarters, we are way, way extended. I don’t believe we get lucky twice, like we did in 2012. I think this says “reversal” and we come back to earth here.
LoL True
IDk what company it is, and on its own it looks concerning but as bozo says there is an almost exact candle at the start of 2012 … this one does arrive after prolonged uptrend (3 green candles), unlike 2012 which came after one green candle … needs confirm
Yep, UNP
Can you give a hint or two? Regardless, I volunteer to short back to the 20day
20MA*
UNP
Guys, the quarter ain’t finished yet…
Fair point, but the angle of ascent is still there.