Saturday, August 29, 2020

Summer Selling Series Episode 2

 Here is the link. 

Signs of weakness

1. Downside reversal

2. Stalling

3. Churning 

Downside reversal 

  • stock hits an intraday high, but closes down at or near the bottom of the day's trading range. 
  • Will often occur on a pickup in volume
  • Often indicates further weakness ahead 
2007, 2008, Dryships Inc - DRYS

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