GREY:SXRZF - Post by User
Comment by
georearlon Jan 30, 2011 1:15pm
355 Views
Post# 18047175
RE: Pullback - Based on Technicals
RE: Pullback - Based on TechnicalsMost informative post. Based on what? All I see that is questionable is RSI. There aren't multiple factors that I would see in TA that would indicate a pull back. For example, there was no volume spike, we are in the sweet spot for bollinger bands for a stock on a bull run. We are above various SMA's. MACD looks ok. Stochastics is good.
Normally, I would look for multiple indicators top show a change is in the air, from a TA perspective. That isn't the case here. Couple that with short term fundamental analysis indicators and it looks rosy.
https://stockcharts.com/h-sc/ui?s=UUU.TO&p=D&b=5&g=0&id=p65118878941
No, I'm not saying you are wrong, and I'm right. However, what I am saying is you fail to qualify your point of view. Without qualification, it's just a prediction or how you happen to be feeling. And that is of no real value to anyone here.