So far the best stock in $DJI may look tired and need to rest. It was an awesome run and still can continue upside but it looks downside chance is higher now. Short at 9-ema with target price $60.44 previous upside target price with stop loss at recent swing high $65.92. For option traders there is higher chance to make up to 100% from this trade woowtrading.net
Adam & Eve double bottom has hit (and gone above) $55 target. Anyone who does Harmonic may be able to define this (crab, butterfly, bat) - I'm not sure, but it looks to me that it may be one.
I am stepping a little bit out onto a limb on this call, if only because HD has had such a strong, persistent advance from last fall. When you consider earnings for Home Depot peaked 7 years ago it is a good reminder that HD is a cyclical stock. Cyclical stocks tend to look great after big rallies and they look terrible on the charts going into bottoms. Well,...
