InvestorsHub Logo
Followers 28
Posts 5786
Boards Moderated 0
Alias Born 08/27/2010

Re: CaptWhizbang post# 20108

Thursday, 07/31/2014 7:49:42 AM

Thursday, July 31, 2014 7:49:42 AM

Post# of 29204
FWIW, regarding consolidation

Well, another day sideways and it does look like consolidation. I like this because it looks to me like the inverse C & H is now off the table. It started a nicely-formed handle but went sideways from that point rather than completing.

Whew!

So short-term, my concern is behavior within the descending trading channel and the long-term rising support, which is above the channel's descending support and below the current prices lows. I'm hoping to see that support honored when the support intersects prices.

The Q reporting and CC may occur before they intersect though, so that line may be largely irrelevant.

MHO,
Bill
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.