AI
Thursday, September 08, 2011 9:03:03 PM
I agree 100%. On a technical basis, today was a good day. I'm sure it doesn't feel that way for those getting in high yesterday, but that's why you start with a starter and add on days like today. Can't have this get overheated too quickly.
Looking at the weekly, we continue to challenge that upper bollie as well as that 50-day MA. Being nudged right under it with bids firming today into the close, I'll be hoping for a close above it confirming a break-out imminent. If we get that, we also get a nice bullish engulfing pattern set into play on the candles. The other thing the candles are showing is a very lovely expansion of volume. Very nice weekly chart. I like the daily too, but just so some of the hesitant can see beyond a day's trade, gotta keep an eye on the prize.
LUXD - Weekly Candlesticks
Looking at the weekly, we continue to challenge that upper bollie as well as that 50-day MA. Being nudged right under it with bids firming today into the close, I'll be hoping for a close above it confirming a break-out imminent. If we get that, we also get a nice bullish engulfing pattern set into play on the candles. The other thing the candles are showing is a very lovely expansion of volume. Very nice weekly chart. I like the daily too, but just so some of the hesitant can see beyond a day's trade, gotta keep an eye on the prize.
LUXD - Weekly Candlesticks
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