I have changed up how to best display projected movement. In the case of MYRG, 5 of my algorithms signaled a SELL on March 19, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
First Idea was a bit of a reach so updating it
MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D); and Commercial and Industrial (C&I) segment. The T&D segment offers a range of services on electric transmission and distribution networks and...
MYRG signaled a SELL upon closing the first bar on the 3 hour chart on February 25, 2021. SELL was signaled on five of our algorithms which has never occurred before. In fact the SAG and MTF have never signaled SELL at the same time for this equity on the 3 hour chart either. I have drawn the potential movement lines. As I mention, the signal can be premature and...
