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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Banks suck but note a few potential double (triple) bottoms here
Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....
518gs.png.png
Seasonality favors Goldman Sachs in February, July and October thru December.
CandleVolume: Look for wide hollow boxes at the bottom of a stock's trading range. Those days, in particular, not only show where demand is meeting supply, but if the candle
is "hollow" (white) you can quickly see a reversal taking place where the sellers have run out of volume to dump and buyers are coming in big. This is a great buy signal.
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