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- Last Update: 22 March 2019, 19:27
Relative Performance Charts
Support / Resistance Lines
3/8 the under pinnings of this latest attempt on the old high can be seen as very weak in the down trends shown at the top of the chart. This negative divergence with money flow dropping while price is rising tells me price will fail to make a new high and instead will drop to retest the bottom.
3/22 start of long expected pullback, overdue retest of support, Mueller report won?t help. At 25502, I think it drops 1000
3/8 at 25,450 you can see the very strong resistance to price making a new high. I think price pulls back to retest 24,000, I think there could be a short lived bounce at 25,000 support
3/22 next stop 25000
3/22 breakdown city as money flow goes from green to red, a lagging indicator.
3/22 signals turn down from overbought
3/12 at 2797 another attempt to break through strong resistance above 2800. I don't think a breakout to a new high is in the cards without a pullback to test support. This bounce up is due for a pullback and I think that happens in March.
3/22 at 2800 next stop 2700
3/21 breaks above the 200 day, bullish if it can stay above.
3/22 at 191 Me thinks it goes to retest 180 minimum, next earnings retest the bottom?
3/22 next stop 184 or 176
3/21 waiting for overbought to play out, waiting for the market to go down, I don't think it is possible for it to reach the old high. The chart shows the old high was an overbought anomaly.
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