AI
| Followers | 74 |
| Posts | 3928 |
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| Alias Born | 03/23/2013 |
Tuesday, November 26, 2024 10:13:32 AM
2 ominous charts. You and all who liked your childish name calling post might want to check out these charts:
XBI
The index has been buried below the ice line since it plunged below at the beginning of 2022 - 3 years ago! At the right edge, we see another significant support/trendline break, followed by a backtest on feeble volume. This presents a short entry opportunity - forecasting further decline in biotech stocks.
Conclusion? The wind is not at your back.
AMRN
No, the "bottom is not in", therefore any buys are counter-trend and usually result in catching a falling knife.
The chart shows intermediate and long term down trends with 6 heavy points of overhead resistance.
For the stock price to emerge above 1.00/share, it will somehow have to trade through all of these areas of strong resistance where massive selling emerges to pound the stock to lower lows.
What are these 6 areas?
1 - 20DMA
2- 50DMA and upper down trending channel line
3- October low
4- 200dMA
5- ice line
6- long term DOWN trendline.
If that isn't bad enough, look at momentum. 3 times in the past year the MACD has been rejected at the 0 line (red arrows).
This is a very poor long trade when faced with these resisting TA headwinds.
I've got news for you bullrunner, your posts every 10min announcing you "BOUGHT MORE SHARES!" will not change these charts. No amount of smearing of my opinion will either. But again, knock yourself out. I find it entertaining
BTW, are you John Hancock re-emerged with another aliaa??
XBI
The index has been buried below the ice line since it plunged below at the beginning of 2022 - 3 years ago! At the right edge, we see another significant support/trendline break, followed by a backtest on feeble volume. This presents a short entry opportunity - forecasting further decline in biotech stocks.
Conclusion? The wind is not at your back.
AMRN
No, the "bottom is not in", therefore any buys are counter-trend and usually result in catching a falling knife.
The chart shows intermediate and long term down trends with 6 heavy points of overhead resistance.
For the stock price to emerge above 1.00/share, it will somehow have to trade through all of these areas of strong resistance where massive selling emerges to pound the stock to lower lows.
What are these 6 areas?
1 - 20DMA
2- 50DMA and upper down trending channel line
3- October low
4- 200dMA
5- ice line
6- long term DOWN trendline.
If that isn't bad enough, look at momentum. 3 times in the past year the MACD has been rejected at the 0 line (red arrows).
This is a very poor long trade when faced with these resisting TA headwinds.
I've got news for you bullrunner, your posts every 10min announcing you "BOUGHT MORE SHARES!" will not change these charts. No amount of smearing of my opinion will either. But again, knock yourself out. I find it entertaining
BTW, are you John Hancock re-emerged with another aliaa??
