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Sunday, June 25, 2017 5:20:39 PM
Is there something like a post pincher setup?
I'm watching FOMX and ATOS for this to study. Both have had a classic pincher setup a few weeks ago that either failed (ATOS) or resulted in only a minor technical correction (FOMX). Instead, both stocks entered a new sideways bottom channel. As a result, the bollinger bands have narrowed and moving averages declined enough to evoke a new breakout attempt.
I'm watching FOMX and ATOS for this to study. Both have had a classic pincher setup a few weeks ago that either failed (ATOS) or resulted in only a minor technical correction (FOMX). Instead, both stocks entered a new sideways bottom channel. As a result, the bollinger bands have narrowed and moving averages declined enough to evoke a new breakout attempt.
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