$LAD - suffers 8th straight week of selling
Chart is weekly,
b bands are 13 weeks with 2 std dev.
linear regression is 52 week and 1 std dev.
Could fall more, but showing signs of being oversold (Williams %R).
Watch out for end of quarter (June 30th) selling pressure, and further weakness in sympathy to a broader market pullback (if any).
For week 25, considering a half position as trade, particularly in $295 to $305 range
I think at a minimum it's worth being on a watch list ...
b bands are 13 weeks with 2 std dev.
linear regression is 52 week and 1 std dev.
Could fall more, but showing signs of being oversold (Williams %R).
Watch out for end of quarter (June 30th) selling pressure, and further weakness in sympathy to a broader market pullback (if any).
For week 25, considering a half position as trade, particularly in $295 to $305 range
I think at a minimum it's worth being on a watch list ...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.