Thursday, September 13, 2018 4:48:43 PM
The horizontal blue line ends at the far right (where the vertical blue line is), 6-trading_days from now (a week from tomorrow).
If average daily price rises at the same rate it has (which reasonable people believe it can't do forever) then the bottom of that trading range six trading days from now will be where the horizontal blue line tags the bottom inclining blue line.
Is today the end of the current trend? No, because there was no lower high today.
Will the current trend last forever? No.
If you bought shares near the beginning of the day, you got what you deserve. Nobody in their right mind buys a stock when it opens near the top of an inclining channel. Somebody did that six days ago and they also got what they deserved.
Recent AMD News
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
