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February 2019-Does the Rally Continue?

Home ForumsGeneral Stock DiscussionsFebruary 2019-Does the Rally Continue?
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  • Member
    sparky
    February 6, 2019 at 6:40 pm #32805

    So we have a rally 6 weeks old now, going further than most had expected. Are we overbought enough yet to see some sort of pullback? I find it hard to believe that we pull back too far from here due to the fact that anyone who missed this rally is just waiting for a pullback to get in.

    Had a question on MU. I was looking at it’s daily, weekly and monthly charts. It’s starting to get up towards overbought on the daily, the weekly is showing buying momentum that’s increasing and the monthly shows selling momentum that’s decreasing. It also broke out of it’s downtrend that started back in the spring of last year. Does it look like it’s going to be seeing new highs again in the not so distant future?

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