Trading Edges That Last
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WTF Chart of The Day: Amazon, Boeing and Goldman
Charts that will likely play a big role in the 2nd half of this year. All charts marked with 2013 STOPD levels with the usual expansions.
Amazon
Classic 20% reversal from a blow-off top in place.
Just like what happened to Apple all over again – trigger, outcome and eventual buy signal.
Boeing
Added the 1st quarter STOPD levels there on this one. The big yellow zone was the decision zone mentioned back in the old post on Boeing last year. Gap thru is always a good thing – you know 100% more upside in store at once. And that upside target was tagged in the beginning of this year.
Goldman Sachs
Head and shoulder potential on daily and weekly. If GS chooses to move higher first and fails to clear 2013 year high, more damage will be in store.
Will be fun to track these stocks over next few months to see how they progress.
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