About the RV Industry Getting Clobbered
- Thread starter SeekingZinni
- Start date
Looks good today but if you go up a time frame and look at the weekly chart it's still in phase 4.Thor
$74.25
>>> Up 7.58%
This must be what's called a "phase 4 bounce"(?).
It's all about "the narrative".
Once you're in "phase 4"... they all go to zero.
Everybody knows that.
It won't go to zero. It might consolidate and go sideways for a while. Forming a base so to speak then breakout. Which way I don't know but I won't trade it until it does. I'm in no hurry.
Wasn't my money that ran it up yesterday.
Or today. Unfortunately. I wanted $57 in the hopes you were right.
Maybe smart money? I doubt that's retail. They're still in phase 4.
THO>>>> $77.07(+3.5%)<------
Pull up a 135 candle daily.
It's at the top of the general channel. If it can maintain this for a few days, the trend is over. Assuming the S&P can stay above 3900 now.
Hey Treeman...
Restoration Hardware's chart is remarkably similar to that of Thor's, albeit RH is down about 20% more from the Oct/Nov time-frame. And I'm not being sarcastic here, I'm really not, but can I assume this is a phase 4 downtrend stock also?
Reason being, they report tonight. When does the phase 4 end? What kind of chart action is required to pronounce it over? Not asking for an opinion on tomorrow's price level, it's a volatile stock, I'm just wondering when technicians pronounce the decline over.
Vanz- it’s simple for me. If things are going down, I avoid it. If it’s going up, I look at it. There are no awards for picking the bottom. Only crappy equity curves. RH doesn’t qualify for any consideration to me at the present moment. We know markets trend. Some of us accept that and don’t fight the trend. For me, a heavy cash position and energy is just fine. And no farms are being bet.
Yeah that's kinda what I figured, wait for a solid confirmation.
Well keep an eye on Thor though.
Just for fun. It is holding this level pretty well.
And it doesn't look that bad on a 23 year chart lol. (below)
It's got $103 in it easy.
This company is being run run by textbook Harvard MBA's.
The acquisitions, everything. I think they own too many brands tbh.
Why are there 30+ different RV/Camper brands anyway?
It makes no sense.
Have 4 or 5 tops.
Keep Airstream and Jayco as premium lines.
But they're the MBA c-suite guru's.
I still think they need to consolidate some of those brands.
Ditto WGO.
Do you actually get anything out of that long a look back, except to see that it had some wild swings?