Mcdowell: Be careful with longs as the stock may test trendline.

The stock has broken a well-established trendline resistance and moved up. But price action is not convincing enough for next 100 points rally.

Current data suggests it will touch the trendline again before making the up-move..

Conclusion: Short term retracement, long term bullish.

Take your trade at your own risk. This study is only for educational purpose.

コメント:

Told ya! 673 from 682. Buy near 660-670 range for 750 now.

トレード稼働中:

Hope you guys must have bought near the low today: 664 :) Enjoy levels now.

コメント:

664 to 710...in 2 trading days..going as calculated..

コメント:

673 to 730..enjoy trading with technical chart and data..