AI
Sunday, July 13, 2003 3:59:24 PM
Bull, from a weekly perspective, $DRG looks a bit iffy -- much like the rest of the market. In other words, it looks over-extended, but there's nothing to say it can't/won't over-extend quite a bit farther from here.
The daily chart, on the other hand, looks pretty good. So I guess the question is, will the short term drag the long-term up, or vice versa? Intraday models are mixed, but with what looks to be a positive -- albeit not necessarily immediately so -- bias.
---------------------------------------------------
GSK
The weekly chart on this stock looks a lot like something my human would flush down the toilet. ):
Although the daily chart looks like a plausible trade for someone with rather high risk tolerance, the weekly chart looks like it wants to go lower. When everything points down at once I tend to shy away. I could be very wrong, but this looks like a very low percentage play.
------------------------------
See next post for NVS
------------------------------
The daily chart, on the other hand, looks pretty good. So I guess the question is, will the short term drag the long-term up, or vice versa? Intraday models are mixed, but with what looks to be a positive -- albeit not necessarily immediately so -- bias.
---------------------------------------------------
GSK
The weekly chart on this stock looks a lot like something my human would flush down the toilet. ):
Although the daily chart looks like a plausible trade for someone with rather high risk tolerance, the weekly chart looks like it wants to go lower. When everything points down at once I tend to shy away. I could be very wrong, but this looks like a very low percentage play.
------------------------------
See next post for NVS
------------------------------
Where Real Traders Talk Markets
Join thousands of traders sharing insights, catalysts, and charts.
