It will be again one day :)
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If you flip a chart, sometimes it's helpful - to figure out what you'd do, relative to your situation. The upside down closing price log chart shows a very strong trend of increasing angle, i.e. one side is in control and their strength is growing. In this situation you might be thinking:
inverted
Attachment 6612
1. dust off the dry powder, it could break-up through that horizontal resistance, and bolt.
and
2. finger on the trigger, it could break-down at resistance, and fold.
So now just reverse your logic and see how it works for the rightside up chart.
normal (or reality, whichever you prefer)
Attachment 6613
1. dust off the dry powder, it could break-up at support and bolt!
and
2. finger on the trigger, it could break-down through that horizontal resistance, and fold.
:cool:
Part of my point is to have a plan either way, the other thing is that a fresh perspective can be illuminating, at times. There is no doubt that $15 is an important price point, just have a plan either way - up or down.
I also think this chart shows that waiting for MACD's and 50/200 trendlines to confirm, or even give confidence of a trend, especially a reversal from down to up (the staircase to the elevator), would probably leave a lot of value on the table with a stock like XRO, as the price bolts up like it did in the previous run-up. I agree though that it's prudent to look for some confirmation, though I'd use faster indicators, like Willams%R, MoneyFlow, RSI maybe, and a tighter MA's looking for the price to cross it, like a 14 or 21 EMA for instance.
In any event, it's been a while since we've seen some action on XRO.
Interesting perspective there baabaa
Your top chart ..... I wouldn't be selling that stock as the uptrend looks pretty good eh
A bit of cleaning house from XRO. Something had to give.
It looks like they are not happy and are taking action.
Not sure if this is correlated but I prefer to see lots of Rod in the media as it gives me confidence that things are good. When he disappears there must be some serious butt kicking going on behind the scenes.
I am having trouble getting the latest exec team. Anyone know the link so I can take a look?
How can I short sell this stock? It's going below $10
Nah I'm serious, is there anyway I can short sell this stock? Do you know of any means?
What does a chief revenue officer even do?
Personally I'm not really a big fan of C-level titles but it seems to be a requirement for modern companies.