Yesterday we looked at WMT, an old Dinosaur of which I am long (pardon the Gartmanesque language; it annoyed even me). Today another sort of Dinosaur * I’ve been holding for many weeks is making a move. As noted with WMT yesterday, it’ll need volume in order to gain escape velocity. So I hope the Algos are scanning out across the more boring and defensive landscapes of the market.
I held PBH as long as it behaved and crept along the upturned SMA 50. Now it’s your turn, Algos! I’d like this not to be a head fake.
* They can all be the high octane likes of TRXC and CVSI, thankfully.
Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas, all archived/posted at the site and delivered to your inbox.
You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.