No one knows whether today’s bounce will hold. However, stocks at ATH could turn out to be leaders. LPLA has held up well the past few weeks. Here is the weekly chart.It has a weekly green bar. I place my stops below the low of the week with a green bar.
As does AMLX and a recent GLB.
CI, but no weekly green bar.
2 thoughts on “Blog Post: 70 US new highs and 1008 new lows; Some promising stocks at all-time-highs Thursday: $LPLA, $AMLX, $INSW, $CI, $SGML, see weekly charts.”
Hi Dr. Wish:
What is the difference between a black bar and a green bar? It appears they both close higher for the week.
Weekly green bar is drawn when the 4wk>10wk>30wk and the 4wk is rising and the stock bounced up off of the 4 wk. A blck bar just mean the current close >prior close.