I’m expecting a quick pullback over the next day or two. The following are some stocks that I expect will fall faster and farther than the market itself.
Click on the symbols to pull up the chart.
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Wood, what specifically do you see in HIG? RSI/Stoch ready to roll over? Can you give me your thoughts on BAC?
Thx in advance.
Darwin, re: HIG. It is in a downtrend, beneath the 50 day average. It bounced and has made large gains with virtually no pullbacks, and is still under the 50 day average. This trade looks for resistance at the 50 day average and looks for a pullback since it has gone virtually straight up.
BAC is in a long downtrend, and closed to the penny exactly at its 200 day average. I guess since it is near the lower bollinger band and near the bottom of the channel started in January that there is some bounce potential here to the top of the channel, near $14.30. Other than a short term bounce, it looks to remain in the slow bleed category.
Wood, Thanks for the response and input.