Today's market made some significant gains both in up moves and long term trendlines. Even though the market is a bit overbought, more upside is to come shortly. Volume is still key since most bulls are still waiting for some extraordinary news to propel this market out of this bearish phase. Tonight I decided to post a technical pick rather than the usual chart pattern. The stochastic indicator is the only one I consider the most accurate so this is what I will be highlighting tonight. SOLF was a pick I had about a month ago for a stochastic crossover and once again is doing that same move. Buy point is now and may be worth 2 to 4 points or more. Remember the market is still highly volatile.
No comments:
Post a Comment