AI
Thursday, January 08, 2009 2:19:42 PM
I am also tempted to get some SHLD puts. But not yet.
On a daily chart, it hit a LOW on 12/23 which coincided with a low in Hist. Volatility Ratio 6/100 < 0.5. The reversal was confirmed by MACD on 12/31 = BUY!. Now it is in a resistance zone defined by:
1). a projection of a fractal inflection point (white circle, where the curve changed concavity)
2). a recent high.
Intraday (chart 2): a Slim Jim with a slight UP tendency is accompanied by a bubbling of the bands.
All together…not clear where it wants to go. Also… some cute analysts might upgrade it tomorrow.
On a daily chart, it hit a LOW on 12/23 which coincided with a low in Hist. Volatility Ratio 6/100 < 0.5. The reversal was confirmed by MACD on 12/31 = BUY!. Now it is in a resistance zone defined by:
1). a projection of a fractal inflection point (white circle, where the curve changed concavity)
2). a recent high.
Intraday (chart 2): a Slim Jim with a slight UP tendency is accompanied by a bubbling of the bands.
All together…not clear where it wants to go. Also… some cute analysts might upgrade it tomorrow.
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