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.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)