This probably isn't very helpful, but it's a snapshot of the longer term trends and the zones this could fall in.LMCane said:
Thoughts on Charter and UNH United Healthcare
both were huge pickups in Q1 from institutional investors
Notice the recent break of the lower channel. Not good. Most likely means it is within a bounce that will terminate at or under ATH before falling much deeper. Not a guarantee, but that's usually the case.
The yellow box represents the zone it should stay in within that bounce if that were the case. The red zone would be if it initiates full bearish. The light green zone would be if it initiate's full bullish. And the dark green is the longer term zone if it stays full bullish. If it doesn't rise significantly soon, then it's just trading along that lower channel and threatening to breach bearish. I would keep a sharp eye on that if you are long.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)