Post by
Starsearcher80 on Jul 18, 2022 10:39am
BREAK AND RUN, AND THE MOVES UP FROM HERE
As noted, today marks the betginning of a very nice break and run. People often get a little greedy on these moves, and sell wayyy too early. Far more often, they actually prove to be entry points especially on "Day 1" of the move, and not exit points.
So the question then is where to from here? The following comments are from a short term technical perspective.
1) There is a little clutter around $20.75 that may bring some pause to the move up. This resistance doesn't look that strong, and it is actually placed well anyway with an otherwise normal pause in the climb. I've often thought of it as climbing a mountain. Yes, you're going much higher, but taking a break is normal and healthy within the move up. In the market, these are consolidations, and they have their own personailities that are worth monitoring and understanding. Personally, I expect this consolidation to be brief. (Actually, as I write this, it looks to be breaking through.
2) The move should continue nicely up to the $22.00 level (or a touch more to $22.25) before pausing again, which also brings the stock back to the 50 day exponential moving average. This represents a further very healthy gain above the rise so far today. Again, while some resistance there, it looks to be modest at best.
3) Beyond that level, I really don't see any resistance showing up until the $26.00 level. Of course there may be some points of consolidation and retracement along the way, but the overall upside move should be established and carry the stock forward nicely.
I think this break and run overall is a classic upside move in the making. That Moody's just came out with a very nice upgrade REALLY adds a lot of support. to the stock, and this alone will bring investors back in. Excellent timing for the move up.
So enjoy everyone. Today is only day one. Imoho, this run will be substantial and last far more than just today.
Comment by
clubhouse19 on Jul 18, 2022 10:55am
Star Thanks for the info. Much appreciated..
Comment by
Luckyeleven on Jul 18, 2022 2:17pm
Sorry but you called it the first day of a breakout now 3 times and have been wrong every time. You have only showed up on green days just to see the stock sell back down. The play has been sell the spikes and buy the dips.
Comment by
vladpanka on Jul 18, 2022 2:23pm
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Comment by
Starsearcher80 on Jul 18, 2022 3:54pm
Sigh, Lucky you're just another Clown trying to punch above his weight class, and it's just such an obvious fail. Dealing with you is basically like shooting fish out of a barrel...SO easy to do, but it gets boring rather quickly. Better luck in your next life to have the neceesary brain power. From here forward, you're just not worthy of a resonpose.
Comment by
Starsearcher80 on Jul 19, 2022 3:13pm
Damn this stock is showing some real strength in this move up! Looks like the consolidation in the $22.20 area is now also coming to an end. It's pretty clear to run to $24.75ish as far as I can see, but again, this is only a short term move. In the larger timeframes, I think there's a LOT more room to run beyond that.
Comment by
bicente on Jul 19, 2022 12:26pm
Don't worry about him , he'll be here soon enough to tell us how he loaded up on bomber shares at yesterday's lowest ... he always buys at the lies and sells at the highs LMAO... poor bistard doesn't realize how much of an idiot he really is ... meanwhile the gang is building and selling beautiful planes ... GLTA
Comment by
clubhouse19 on Jul 19, 2022 6:02pm
L!! LOL He's now moaning and griping about his GXE and wondering why it is not following all the other oil stocks. GXE chart is worse than the bomber's and in an oil mega bull market to boot.
Comment by
BBDB859 on Jul 20, 2022 8:09am
I have a saying for a time like this. "Let sleeping dogs Lie" [/quote]