Peter Lynch will like this stock!
One of the famous value investor will like this security. It behaves so cyclically as expected since July 1996.
1. Price action: the tops are about 7 years apart, and i would expect the next top and highlighted euphoric moment around 1Q of 2015 or faster, (i may be wrong)
2. Pattern: This is a long term downtrend channel and yet an even longer term bullish flag (as drawn in the projection in price)
3. Major Trendline: Sell fully once the price close below a break of the latest uptrend line. (And when MACD showing a dead cross)
1. Price action: the tops are about 7 years apart, and i would expect the next top and highlighted euphoric moment around 1Q of 2015 or faster, (i may be wrong)
2. Pattern: This is a long term downtrend channel and yet an even longer term bullish flag (as drawn in the projection in price)
3. Major Trendline: Sell fully once the price close below a break of the latest uptrend line. (And when MACD showing a dead cross)
Related publications
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.