28May2:58 pmEST

Sizing Up the Fight

Despite another failure by bears to follow-through lower on the sell-off earlier this week, bulls have not exactly sealed the deal with an upside range breakout either. 

Google may very well be a good example of this phenomenon among market leaders, beyond the major averages. On the daily chart, first below, the stock is rangebound though may be threatening to resolve the highlighted triangle consolidation. Whichever way a leader like Google decisively breaks, if at all, should go with the market flow, too. 

And RICK is staging an attempted major breakout today, as the gentleman's club would likely need to hold over $12.50 to make some serious progress from a long-term, sideways consideration dating back several years. 

Digging Out from a High Ener... Forget it Jack, It's Twitter...


This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site