Below RectangleTriple top/Price is now below a short lived rectangle. I am watching this one as it is a keeper at the right price for my portfolio.
I hear this blonde (Stephanie) chick talk about fundamentals on CNBC continuously. She has it down pat and can quote every PE ratio in the universe as well future, past and present earnings! She says "5, 6, 7, times future earnings" a lot. Does it matter if the sector or the market is not moving???
1-2-23/engulfing/bearish )o: She recommends buying it right now due to the fundamentals. I like the fundamentals as well! But is it time to buy it? Dunno.
Securities can have fantastic fundamentals. Where do these gr8 fundamentals get me if the sector is not moving in my direction? My answer is nowhere.
I suppose there are fundamental analysts and technical analysts and I guess it is not unusual for the 2 to disagree. I look at fundamentals, but the actual chart drives my decision,
I am not saying either is right or wrong. I am just saying we are all different and that is what makes the world go round (o:
No recommendation except be patient.