SubscribeAll Posts Tagged With: "rsi"
Profit Today from Bullish Cup and Handle Pattern
The Cup with Handle is a relatively new technical pattern, the innovation of IBD founder, William O’Neil. There are many who claim for and against the pattern, but we like it for the potential it offers when grouped with other techniques as part of a more comprehensive analysis. The Cup and Handle is a consolidation pattern that indicates a breakout is imminent.
Let’s walk through the details of the Cup with Handle using a number of charts that currently exhibit the pattern.
To start, take a look at PepsiCo’s (NYSE:PEP) last six months trading. Here we see the first of many…
17Sep2008 | Oxbury Research | Comments Off | ContinuedProfiting from Divergences? You should be…
On December 13th, 2007 I wrote a piece, which pointed to shorting opportunities in the large cap sector. At this point in the game, Apple was trading for $189 and Google at $698. In a Chart of the Day segment titled, “Utilizing Divergences for Big Gains: Two tech giants ripe to fall,†I had stated the following:
â€It was just a day ago when I discovered two bearish divergences occurring simultaneously between the RSI and price on both Apple and Google’s charts. After an impressive run, these two plays are losing buying momentum and are at the end of the road.â€
Example setup…
16Jan2008 | S. Oakes | Comments Off | Continued
Loading ...
