We could hypothesize that the correction to the previous propulsive wave has been realized with a corrective wave of the "flat" type, which seems to have expressed its end resting on the support at 210 $. Signal of probable beginning of the propulsive wave given by the value of the RSI dropped to 20.
This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside. Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal Personal note: Idea from "alternative 2" scan
Looking for break of green RSI line (uniformity line)
Every strong close of today (09/14) below the minimum of yesterday (09/13) will force us to close this position
$BDX have tight stops, looks like it wants higher, there is a upper gap BUT there is lots of green what for a possible reversal
HA chart shows breakout Standard candle chart shows backtest of breakout line today Buy on up confirmation of breakout
After publishing a chart on KSS for its favorable fundamental situation with the stock oversold and expectations low, I decided to find another stock where the valuation looked high with it technically overbought and running into a wall of overhead resistance. I found this condition in BDX, a manufacturer of medical devices, many of them disposable. Notice how...
Hi Fellow Risk Takers, I did a Webinar, hosted by Maria from Exante, on The Anatomy of Trading Breakouts ( Link in Reference Section ). We discussed about the Characteristics of Price Breakouts, followed by building a Trading Plan, using US Equity BDX as an example. This is the BDX Example in writing. For each Price Chart, I'd go through 5 Steps, to judge the...
Strong uptrend about to set up and the bullish triangle already formed.