RE: Stage Analysis Beginners Questions
(2020-01-30, 06:06 PM)hummigbird Wrote: I know my chart needs work, but I am looking at DB with interest. Any thoughts, anyone?
my thoughts are:
nice example of coming out of stage 1
quite a bit of resistance immediately ahead, a little more further up
I'd want to see the first resistance area cleared first, then some pullback, and then i'd take another look
macd only just coming above zero, and this often turns back down, so reiterating the above point, lets see how weak strong the buyers are, so i'd want a pullback
still in the ichimoku cloud, so want to see some air cover as it were
lastly, the monthly is in a long term downtrend
a lovely example, but a few negatives would make me hesitate
hope that helps