This is the first time I have a rigorous look at the chart of a stock, as my new FX broker lists some stocks as well. That's exciting because it means I'm entering into the domain of stocks. Yaay!
The bullish move in this stock would seem infallible if it did not miss the AB=CD target in 2015. Not only did it miss AB=CD, but also it failed to reach the UMLH. Thus a downward action may have already started. This, however, does by no means invalidate the fact that the dominant monthly trend is bullish. Still, I will be tempted to give equal importance to bearish opportunities as I give to bullish trades.
The Stoch shows down, and ML touch seems to be scheduled.
The bullish move in this stock would seem infallible if it did not miss the AB=CD target in 2015. Not only did it miss AB=CD, but also it failed to reach the UMLH. Thus a downward action may have already started. This, however, does by no means invalidate the fact that the dominant monthly trend is bullish. Still, I will be tempted to give equal importance to bearish opportunities as I give to bullish trades.
The Stoch shows down, and ML touch seems to be scheduled.
