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Additional Posts in Technical Analysis & Charting
1-28 Brief TA:
2-1 TA Midday update (SPY, CRM, AAPL)
I'll post some quick TA from today (11/7)
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What’s the issue?
Salesforce announced the acquisition of Slack, it rocketed up to a risk adjusted level reflecting the purchase price, and it’s been falling very slowly as people decide to exit their positions.
Isn’t this bowl called technical analysis? I’m just trying to understand how to interpret a chart that’s barely fluctuated in 6 weeks. Do you think it will just end up being a steady, consistent stock from here on out?
Bowl Leader
Agree with VP1. I'll take a look at it to see if there is any shorter term trend that may come into play but looks like theta gang was the winner for the last few months
Bowl Leader
Here is the WORK chart. Consolidating rather nicely, 41.5 is the support. However, looks like it will either break down or break out soon. I'm leaning toward break down, the moves upward have been slow, not impulsive.