Not sure what chart I was looking at before, but this one clearly shows DANG bottoming on December 19th and Uptrending since then.
Buying yesterday or today is right on a higher low, on a pullback to the 50 day MA.
There were also Golden Crosses between the 20 day/50 day MAs in January, and...
Be careful. The bigger they get, the easier they are to cut off!
I'm still whimpering in the corner, hoping mine will grow back one day...
Anyway, Enjoy those Profits!
:D
Just looked again...
Bottom line is rising. Lots of Green on the Screen!
Yes, it depends on your Timeframe.
But I got the impression you were buying and holding for a while.
If that's true, I'd read the charts like this:
AAPL has been in an Uptrend for 3 years.
BIDU was in an Uptrend, but has been in a Trading Range for 1.5 years.
DANG was in a Downtrend, but...
Hope you make some $.
But you're fighting the Trends in all 3 of those positions, which lowers your probability of success quite a bit.
Don't forget: The Trend is Your Friend!
:)
BIDU looks like it falling back to the bottom of a Trading Range to me.
High Down Volume on a Strong Up Day in the Market? Not good.
It's collapsed below the 200 day MA as well.
Good luck of course. But I'd sell it if I were you.
:(
Would also be nice to see the Volume at 40+m by the end of the day. Need it to be higher on the Up days then on Down days, in order to get the Uptrend going again.
Tell it like it is, FoN! It needed to be said.
As to AAPL - A nice recovery/reversal jump to be sure.
But there's still quite a bit of work left, to make New Highs from here.
Not to mention trying to pull the whole rest of the Market up at the same time!
:cool: