Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
More follow-ups to setups I – If, Then… Market Timing

More follow-ups to setups I

By Rod David | March 24, 2014 - 12:21 pm

More follow-ups to setups I noted among Activity Feed comments…
CANN — Volume was a little light on the open”s bounce off of the 22 area up to 25. Another dip to 24 was likely, which should launch a better upleg… The dip back to 24 actually touched 23.50, and recovered to fresh highs at 25.65.
PHOT — Stalking .52 for several days, which finally arrived this morning. But consolidating around it down to .502 has formed a Descending Triangle that is vulnerable to probing a little lower. Longs should be nervous until recovering .535-.54, preferably today.
ERBB — Noted how Friday”s action had ignored resistance from its three-day surge. That is only more so this morning.
TAUG — Its early dip to .085 concerned me that it might fill the gap down to .07 before rallying. A bounce has since resolved down to .077, making the gap that much likelier to be filled.
Also…
RFMK — Testing .83 breakout level on second consecutive upday of expanding volume.

Posted in Bigger Picture