Category: long tail
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And the answer is . . .
no bullish tail for FAS. Earlier today I posted the bullish tail candle forming and wanted to see if it could hold into the close. It did not. Bulls can hold on to the close off the lows and volume that could lead to a “capitulation” selloff. I sold half…
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Watch for the Bullish Tail
If FAS closes as it looks right now on the chart, a bullish tail will have printed and we will be setup for a strong bounce. Keep an eye on the close . . . The market indexes are acting similar to FAS.
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Chart: DIG
There’s a lot to like about the DIG chart: 1. Postive RSI divergence 2. Successful test of bottom support 3. Long tail price bar at support 4. Oversold stochastic turning up 5. Strong obv and volume action
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SPY Prints Possible Reversal Candle
Believe it or not, although SPY was down almost 4 percent today, technically it was a good day. The index printed a bullish “long tail” candle on massive volume, while the Worden T2108 indicator at extreme oversold levels. Generally, this ia a clear reversal signal, at least short term. The…
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DIG Confirmation
DIG confirmed the bullish tail candle at support. I may add positions tomorrow if there is a slight pullback. I am already holding SWN.
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Do I Have the Guts to Buy Financials?
I’m scared as hell to buy a financial, even with a small position size. However, if I didn’t know the name of the company behind this chart (Morgain Stanley), I would be buying. We have price breakout over the 50 day moving average after the stock printed a bottoming long…
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A Bullish Divergence in AAPL?
Frequent e-mailer and one of my most loyal readers, Hal B., asked about a bullish divergence setup in AAPL. I don’t have annotation capabilities from my current locale, so bear with me as I explain the chart. I do see a slight divergence that might be used for an extremely…
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Can We Buy CNX’s Pullback?
Ronald wants to know if I consider the 3.7% drop in CNX, a stock I highlighted earlier in the week, a buyable pullback. While I would not buy just yet, the stock is still technically sound. Support has not broke and volume on today’s decline was within the stocks normal…
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Bullish Chart Setup: DVN
Independent oil and gas stocks have been on fire since bottoming late January (that long tail provided a good entry point), and few have done better than DVN (Devon Energy Corp). I like the stock on a pullback to what looks like new support at $95. The stock exhibits a…
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Chart: APPL
Earlier today, I mentioned that I felt there was a good chance AAPL would hold it’s rebound from the lows of the day and print a long tail at the close. Sure enough, the stock closed near it’s high and looks ready for another leg higher, assuming we get confirmation…
Paul J Singh 