RubbaBand-Man
PlusAMEX:XLV has the most oversold readings since 2008. - Specifically, the 1M slow stochastic is actually MORE oversold now then it was in 2007. - We are sitting at a major trend line support. There’s plenty of 1-2M hammer candles along this area as well. - we have pierced the Monthly Bollinger bands today. Every time we’ve pierced it (since 2008), it’s been...
Technicals: Big Picture: Huge wedge breakout, followed by retest and bounce, and now we are flagging. 2Month Chart: Every time TSLA has had a hammer candle on the 2M chart, we have rallied hard within 2-7 months. 100 SMA on the daily: Everytime TSLA’s daily 100 SMA has gone from an extended downslope to upsloping (with the addition of some wedge breakout or...