We are not that comfortable buying here with the general market at somewhat elevated levels, but SQ had given us an oversold reading on the Technometer last week, and currently testing that low on lower volume. So we are going to buy at the market, with a sell stop at last weeks lows of $69.79
You can also see a buy divergence on the 5 minute chart with the OP going to new lows while price holds.
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
Click Here For Wyckoff Wave Chart 06-27-11 Our last post ended with the Wyckoff Wave at point Y. The Wave was in an overbought position…
The Wyckoff Wave closed the week lower, after trading slightly higher early in the week to a near overbought Technometer. Volume was average on the…
The Wyckoff Wave finished the week lower once again , on low volume. We was wanting a slight correction to get our Technometer closer to…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
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