AI
Monday, May 14, 2018 7:42:25 PM
VGR daily
Good evening, Sir! My apologies for the tardiness. I started to post the charts this weekend and fell asleep.
I have two comments to make on this chart.
1.) the chart pattern is a bearish descending wedge. (lower highs with a flat bottom)
2.) with a dividend yielding stock, that's not a bad thing. The time to buy a higher yielding divvy stock, is when they are at their worst.
If that upper trend line is broken, don't be surprised to see a short covering pop. Until then? I'd be sitting and waiting for the dip that is likely to happen, and take a position.
Good evening, Sir! My apologies for the tardiness. I started to post the charts this weekend and fell asleep.
I have two comments to make on this chart.
1.) the chart pattern is a bearish descending wedge. (lower highs with a flat bottom)
2.) with a dividend yielding stock, that's not a bad thing. The time to buy a higher yielding divvy stock, is when they are at their worst.
If that upper trend line is broken, don't be surprised to see a short covering pop. Until then? I'd be sitting and waiting for the dip that is likely to happen, and take a position.
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