Here is a test chart for tk..
Do you think this is a bottom?
Well.. this was what happened next!!!
and incrediblely... the stock shot up!
And finally...
Wednesday, October 15, 2008
Testing for Bottoms..
Well.. this was what happened next!!!
and incrediblely... the stock shot up!
And finally...
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2 comments:
The next chart could show possibility of a bottom. Because there's bullish divergence on the volume and the indicator (MACD?).
The risk to buy now is much lower than the previous one.
Dear Elentar,
I am actually terrible with bottoms.
The whole purpose of the posting was to show tk that sometimes a much followed 'fundamental' stock with appeared to have a flat bottom, could still collapse!
rgds
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