Charts Are Back, No Promises
Ok, charts are back, I make no promises as to regularity. Just interesting things.
I currently like technically: $AAPL, $FIRE, $ASPS, $OCN, $V, $YUM, $CMG
But for today, only two charts, the first, it had to be $AAPL, it seldom gets any better than this for a trade:
Look at the Trix, every time in the last year that $AAPL’s TRIX has done that it has bottomed. I think we bottomed today. So, if you were thinking of going in, technically there is no better time than now.
The other one that is ready today is $FIRE:
I love it when a stock drops linearly like that and then it breaks the trend and all oscillators are pointing up!
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Many Thanks !!! just a breif question, Is the crossover number for the TRIX in APPL the straight blue line ?
Saludos.
Gustavo.
No, as explained on the right hand side, the TRIX is the red line that uses the sacle on the left. It is about -0.8 and as you can see whenever it turns up, like in Sep. 2011, April 2012, May 2012 and late July 2012, it has been a very good buying opportunity. So far today it is working, up 4.7 dollars, if it closes like that, the Trix will look even better. As long as there is no bad news, the TRIX seldom truns down fast when it is at such a low value.
The blue line is the bottom band of the bollinger bands