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Stocks Forming Bull Channel

アップデート済
Stocks keep edging out new highs. Our 'rounding off' behavior appears to be shifting into more of a bull channel type pattern. When these break down it is common to see a 50% retracement. But the Kovach OBV is still solidly bullish confirming the trend. The Chande, on the other hand has dipped sharply reflecting the potential rejection of our profit target of 4306. This is further confirmed by a red triangle on the KRI. The next target will be 4327. We maintain that stocks are due for a healthy retracement, potentially bringing us back to 4272.
トレード終了: 利益確定目標に到達
Stocks hit their profit target at 4327! Next PT is 4350!
Chart PatternsDOWEquityghostsquawkTechnical Indicatorskovachnasdaqsnp500StocksstonksTrend Analysis

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