Cush... about my ST charting ... I normally look at the companies in question from a F/A standpoint, things like dividend yield, price to sales and cash flow are my primary triggers. But this choppy bear market has me wondering how to sell a stock that's had a nice run-up but is still relatively cheap (from an F/A standpoint) without having to endure a roundtrip from the seemingly endless bearishness.
I'd have a heck of a lot more money if I could just learn how to sell.
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The Bombardier chart and what I find attractive from a technical standpoint. The MACD... going from a 3 month chart, the fast line did its first bullish crossover at September 19 (using 3,6,7) I tightened up the chart to a daily because I'm looking for a quick exit, hopefully on Thursday where finally the slow and fast lines will have broken through zero on the chart table. And in looking at the daily chart, I took my position at $3.63 because it was the first bullish crossover of the day. You'll also notice the height of the histogram has been diminishing-- even though the volumes are still a little high for my taste. You’ll also note the pull between bull and bear seems to be undecided for the last couple of days and because of the rising trend lines the bears IMHO are exhausted.
The Stochastic @ less than 20% confirms the W%R that we are in a oversold state … I use them both because I find myself getting stopped out for the wrong reasons – I use a slow Stochastic for the big picture and Williams for the daily look.
The RSI… unfortunately I wasn’t paying attention when I saved the chart. Rightly or wrongly I normally match the RSI setting to the MACD – I should have had a seven-day setting on that one too.
Anyway… thanks for giving me the opportunity to explain myself—like I said I’m still new at this.
Regards,
Michael
FP........................................................
