Protecting Profit
Protecting profits
A couple ways to chart this but it you take the channel here which looks much cleaner opposed to
the Jan '18 high you see we are at the top of the range.
The RSI in indicates we are in overbought territory which makes sense after the incredible run and the stoch is right up along other ATH.
Using the top of the Jan 18th high we see a breakout that failed to get much traction on heavy volume
and what looks to be a red day today.
I suggest caution for bulls, nobody ever lost money protecting profits.
A couple ways to chart this but it you take the channel here which looks much cleaner opposed to
the Jan '18 high you see we are at the top of the range.
The RSI in indicates we are in overbought territory which makes sense after the incredible run and the stoch is right up along other ATH.
Using the top of the Jan 18th high we see a breakout that failed to get much traction on heavy volume
and what looks to be a red day today.
I suggest caution for bulls, nobody ever lost money protecting profits.
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