Trendlines are beautiful and simple. When RSI and Marlyn agree with them, all hell breaks loose.
This is APX’s daily chart with the points on the trendline where prices bounced. On all bounces, Marlyn and RSI gave BUY signals as well. On the last bounce, RSI went parabolic.
Upper trendline was broken, and we could ask whether there is a bigger trendline at work.
Here is APX’s bigger trendline on the weekly chart. Notice that huge bullish divergence from 2013.
Today’s move was a sight to behold.
Congratulations to the loyal holders.
I got shaken of early. But that’s fine by me. I find something like this on two unpopular stocks.
I hope you find them!
Hats off to APX winners!