Thanks for that "heads up"
But I stand pat just yet for the following "CRISCO" ball projection.
From the daily:
OBV hit a new major low on the last selloff
Stoch turned south again just a day back.
MACD Histogram struggles at 0 implying a weak rally in place.
BolBand broke the top at last peak around 58 ( I expected a more aggressive move to 60, but it missed that so far). Still can try again, but usually goes the opposite way after this signal.
RSI fits the H/S and starts to rolloff.
CCI is declining below zero again indicating a new sell signal.
Weekly still performs weakly, target is 39 to me and a good short when the market gives in. NOK is the market and so is the SOX, both troublesome in this rally. Time will tell, but even worst case , I think a "wide and loose " pattern is developing here which can be shorted without good timing, since it climbs higher but also lower each time.
Not short here, and it is an excellent company, I was just reflecting the pattern. |
