Sear's ( SHLDQ) 30 Minute Chart show's a clear Continuation Triangle Breakout to the Upside in 2/13/19 trading.
When a stock in a parabolic move up breaks out to the upside in this manner, it simply reveals that buyer's are completely in control of the stock, and a potential new up leg is probably beginning in the stock.
Technical Analysis 101 tells you in no uncertain terms that the stocks that you consider for purchase with your own money, MUST have overwhelming technical reason's for doing so.
With Sear's right now, buyers are simply are not willing to let go of, or sell their stock. That is about as bullish a set up, as you could ever expect to see, short term.
The mistake that already seems to be in the cards with Sears, is selling the stock too early !
At some point,there will be a sell off perhaps even a sharp one, but right now buyer's are in complete control, adding to position in the continuing advance.
Of note, 30 Minute RSI has been above 70 ! ,.. since 2/7/19 Daily Low, at .55 cents. Remarkable.
Pull backs in this stock when/if they occur are a gift at this point, and should be bought using proper limits at all times.
I shall continue to follow Sears (SHLDQ), on tradingview.com and write,and post updates, as needed, in the future.
Break Out to 2.77 High and then Reversal Back Thru 2.50 was Short Term Bearish, in my work.
I closed most recent Buy at 2.50 Stop, and have not re-entered again, as of yet.
mstable
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Looks like the S&P... rocket fuel, straight up, day after day, powered by huge purchases of Crude Oil. Since there is an international glut of the stuff, I was wondering where all the crude all the us gold and treasuries are being squandered on where going.
No doubt people will be beating down Sears door stores all year now to get in and buy everything in sight, extending their credit cards to the max, buying nothing else anywhere else from now on. Excellent fundamentals that can’t go wrong!
My very intelligent and wise trader,
I suspect that most of what you have just written,
is done so with a tremendous amount of very pointed telling sarcasm.
"Lining up to get into Sear's, and buying everything in sight",
I myself could not have written it better.
But you know what, the tape does not lie.
Something very bullish is going on under the surface, for buyers to continue to be behind the continued relentless advance in price.
This is much more than a short covering rally.
Late in 2019, if I'm correct in my analysis,
the reason's for this untold accumulation right now,
will be out there in full public view, for all to see.