Bounce Off Of The Riseing 50 Day Moving Avg

T

TOMMYJR9

MY COMPANY STOCK (PAG) IF YOU LOOK AT THE 2-6 MONTH LOOKS LIKE IT WILL BOUNCE OF OF THE 50 M/A ANY INPUT ? WHAT DO THE BARS SAY ? THANKS TOMMY:confused:
 
Quote from TOMMYJR9:

TRUE OVERALL TREND IS UP , YES?
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IF it gets back above 18.60 maybe it can repeat the last move up from the 15 area. Much below 17.40 and it looks likely to decline further to me.
 

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I LIKE THE CHART YOU POSTED, WERE DID YOU GET IT FROM ? DID YOU ADD THE BEAT TRAP OR IS THAT PART OF THE SOFTWERE ? ALSO WHAT DOES IT HAVE TO DO TO SHOW CONFORMATION ? (OF A BOUNCE )PLEASE REPLY THANKS TOMMY
 
Quote from TOMMYJR9:

I LIKE THE CHART YOU POSTED, WERE DID YOU GET IT FROM ? DID YOU ADD THE BEAT TRAP OR IS THAT PART OF THE SOFTWERE ? ALSO WHAT DOES IT HAVE TO DO TO SHOW CONFORMATION ? (OF A BOUNCE )PLEASE REPLY THANKS TOMMY
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Ensign, but most charting software is user configurable.

Yes I added the "Bear Trap" to the chart.

Again I'd be watching 18.60 and 17.40.
 
Quote from Lucrum:

IF it gets back above 18.60 maybe it can repeat the last move up from the 15 area. Much below 17.40 and it looks likely to decline further to me.
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That looks like a 50% retracement. Maybe it will rally.
 
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