Sear's ( SHLDQ) 30 Minute Chart
show's a clear Continuation Triangle Breakout
to the Upside in 2/13/19 trading.
When a stock in a parabolic move up
breaks out to the upside in this manner,
it simply reveals that buyer's are completely in control of the stock,
and a potential new up leg is probably beginning in the stock.
Technical Analysis 101 tells you in no uncertain terms
that the stocks that you consider for purchase with your own money,
MUST have overwhelming technical reason's for doing so.
With Sear's right now, buyers are simply are not willing to let go of, or sell their stock.
That is about as bullish a set up, as you could ever expect to see, short term.
The mistake that already seems to be in the cards with Sears,
is selling the stock too early !
At some point,there will be a sell off perhaps even a sharp one,
but right now buyer's are in complete control, adding to position in the continuing advance.
Of note, 30 Minute RSI has been above 70 ! ,.. since 2/7/19 Daily Low, at .55 cents. Remarkable.
Pull backs in this stock when/if they occur are a gift at this point,
and should be bought using proper limits at all times.
I shall continue to follow Sears (SHLDQ), on tradingview.com
and write,and post updates, as needed, in the future.
SHLDQ Last 2.61
THE_UNWIND
2/13/19 115 PM
NEW YORK
show's a clear Continuation Triangle Breakout
to the Upside in 2/13/19 trading.
When a stock in a parabolic move up
breaks out to the upside in this manner,
it simply reveals that buyer's are completely in control of the stock,
and a potential new up leg is probably beginning in the stock.
Technical Analysis 101 tells you in no uncertain terms
that the stocks that you consider for purchase with your own money,
MUST have overwhelming technical reason's for doing so.
With Sear's right now, buyers are simply are not willing to let go of, or sell their stock.
That is about as bullish a set up, as you could ever expect to see, short term.
The mistake that already seems to be in the cards with Sears,
is selling the stock too early !
At some point,there will be a sell off perhaps even a sharp one,
but right now buyer's are in complete control, adding to position in the continuing advance.
Of note, 30 Minute RSI has been above 70 ! ,.. since 2/7/19 Daily Low, at .55 cents. Remarkable.
Pull backs in this stock when/if they occur are a gift at this point,
and should be bought using proper limits at all times.
I shall continue to follow Sears (SHLDQ), on tradingview.com
and write,and post updates, as needed, in the future.
SHLDQ Last 2.61
THE_UNWIND
2/13/19 115 PM
NEW YORK