Poised to Move
by Vincent Barry
I am
mulling an investment in a stock that, the
experts say, is trying to charge past a 1,899.43
buy point in a third-stage cup-with-handle. It
remains, they say, a later-stage consolidation
because the low in the current chart pattern did
not undercut its prior low to reset the base
count. So, while not technically an early stage
base, the 38% decline within the current pattern
has some characteristics of a refresh. During
that substantial decline, the relative strength
line for the stock fell sharply. But the RS line
has rebounded off its lows and is poised to move.
. . . I am mulling it or, alternatively, a
mattress, an attic, a false vent cover, or a
hollowed out piano bench leg . . . .
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