This is one of the traditional charts examples you can find in Books like: Technical Analysis of the Financial Markets by John Murphy. And this example is in real time and is happening now. The Chart is very clear for my point of view and even I do not draw a trend line but is obvious and even is history that the down trend was broken by strong up price...
You do not need to be a sophisticated Ph.D. in Economics for understand that Raising interest rates is a god deal for commercial Banks but this do not mean than all the commercial Banks and financial Institutions are in a Bull Trend specially because this sector was punishment during the last financial crisis of 2008 and until recently has begun to show strength...
This is the classic Chart Patterns you can watch in the Textbooks My intention is not to try to convince you using sophisticated Indicators and a lot complicated financial jargon. But here's the explanation: First look the Support at the end of 2008 around 10.20 then go to the now exactly 2017/05/22 and again make a Support around 10.20 Then go to this date August...
The big picture of this Chart show me how the price rebound two times at $7.00 and is easy to observe the big spikes one in 2008 and the other in 2016 then I transfer my attention to the now and I can observe the resistance breakout with your respective pullback, the Pullback need confirmation this means you need to go to the Daily Chart and follow and wait for...
I Share this stock based in Price Action and Support and Resistance with a weekly point of view and recomend a holding period of more than 10 months if the things go well. The exit price and Stop Loss remains in your discretion in the future. If you think this Stock is overpriced because the PE Ratio is 9.17. At the end is your decision to add this stock to your...