Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Very valid point on the stochastics. One will do to know the formula by heart (well at least the first part of it).

there are some interesting results.
When a price movement is absolutely flat the stochastics stay flat as well.
But did you know that the same thing happens with angled increase? Meaning that when the stock gains 1 cent every day for eternity.. the stochastics will be flat.
So take the same candle repeat that same candle every day, but increasing the position of that candle with 1 cent as well.

think about it. It has to do with the look back period, the lows and the way a candle is defined using HLOC.

a stock can increase every day and everyday the stochastics would be oversold.

There are many loopholes in many technical indicators :)

Knowing that helps alot to identify when certain manipulated bearish pricemovement is bullish or not hehe.