I am mostly just trying to keep my TA fresh. I am starting to find this is a really relaxing process for me.
On the fundamental front, I don't think I like airline stocks at the moment. I read that airline stocks typically perform poorly when oil prices go up. I feel like oil prices will probably go up in the Biden administration only because that is a historically democratic thing to happen.
The ABC correction got higher on the B wave than I would have liked, and lower on the C wave. This makes me think it might be not an ABC correction.
I have been noticing that corrections often don't require a third wave down, and this has already but in 2 down waves, so I think it's likely that 2 up waves might follow. This idea is supported by the lower trendline respect, which is hard to bet against at this point. The uptrend to this point has been a strong one.
I think it could likely be a bull flag we are looking at right now, followed by another upward wave.
On the fundamental front, I don't think I like airline stocks at the moment. I read that airline stocks typically perform poorly when oil prices go up. I feel like oil prices will probably go up in the Biden administration only because that is a historically democratic thing to happen.
The ABC correction got higher on the B wave than I would have liked, and lower on the C wave. This makes me think it might be not an ABC correction.
I have been noticing that corrections often don't require a third wave down, and this has already but in 2 down waves, so I think it's likely that 2 up waves might follow. This idea is supported by the lower trendline respect, which is hard to bet against at this point. The uptrend to this point has been a strong one.
I think it could likely be a bull flag we are looking at right now, followed by another upward wave.
Not
Actually the MACD Histogram you can see some bullish divergence. Missed that one.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.