RE:RE:Speed of a bullish reversalTruthhurts21 wrote:
if you want to get technical then we can also say that what is happening now is a bearish reversal.
The bearish reversal itself occured back in October/November. The reversal didn't just happen now.
It's clear from the low in August that an inverted cup-and-handle pattern occurred. A bullish reversal is not guaranteed.
Don't make things up. There is no inverted cup-and-andle pattern. Nothing in life is guaranteed but what is most probable is we've bottomed out as we head into the last couple of trading days of the year where tax-loss selling typically occurs and should see a bullish reversal in January as the global market correction stabalizes and rallies as the FUD disipates amongst investors once they realize we're no where near a recession as GDP is strong and unemployment is at an all time low which is why interest rates were hiked by the feds. Goverment going back to work and Trump making a deal with China would most definetely help amplify the rally. [/quote]
Also, in November the last support from August was broken and it is currently in a Downtrend that has no end in sight.
No end in sight? Where do you come up with this stuff? Read my first response paragraph above re: bullish reversal.
With volume drying up, this does not look good at all and it could potentially hit pre 2016 prices which I'm sure you'll say " well I'll keep buying at those prices."
Again you're spreading false information. Volume is no different than historic averages. In fact, volume is greather than it was during the time period I indicated in my original post between May and August. You can clearly see in the chart I posted the volume is overall a tad higher than historic averages. It's not as high during fast movements of stock price (bullish or bearish) as we witness at the beginning of a reversal trend, we shall see the volume return once we have a confirmed bullish reversal sometime in the first couple of months in the new year.
BTW.. We all see through your game here and your malice intentions. Your account was just created yesterday (Dec 21, 2018) and have made nothing but negative posts on baseless information. Looks like your shift started early today in the boiler room. Is your boss going to make you work through Christmas as well? Must suck to be you. Maybe you'll scrape some of your earnings together and buy maybe a dozen shares here at these levels and make some extra beer money for yourself.