Stock Market Technical Indicators & Analysis
Dr. Wish While many growth stocks were punished on Thursday, these 4 had promising bounces up off of oversold conditions. Each hit a recent yearly high or ATH (all-time-high). They are worth researching. Here is the list and the daily chart of WWE. Note that WWE is above its last green line top and has also found support at its lower 15.2 daily Bollinger Band. I bought a little in the after market and will exit if it trades below Thursday’s low (104.34).
Here is what a successful OSB set-up looks like.
Note that 3 are airlines, a good technical sign. Ranked by close today/lowest close past 250 days
As I have written recently I like my Black Dot OSB set-up. These stocks have hit a recent new high and bounced up from oversold. After researching the fundamentals, I might buy one of these stocks and place my sell stop below the low of the bounce. If the bounce fails I exit immediately with a small loss. I like WDAY the best of the three stocks that came from my IBD/MS watchlist of promising stocks. WDAY has had several black dots and is also finding support near its bottom 15.2 Bollinger Band. Note the prior successful black dot bounce in mid June. The “N” indicates a note I wrote after buying it.
My short and longer term indicators remain positive.
