It seems you have JavaScript disabled.

Ummm.. Yeah... I'm going to have to ask you to turn Javascript back on... Yeah... Thanks.

Relative Strength - SHLD at Trader’s Narrative

Relative Strength - SHLD

Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

When a stock swims upstream, and does so in the face of a market meltdown… you can’t help but to take notice. Especially when it is one as well known as Sears Holdings:


As you can see, price gapped up in pre-market; but even before today’s action, if you look on a daily chart you’ll notice how price was holding its own during the recent heavy market selloff. This morning’s gap up was an expansion phase (green arrow). In the pre-market session there was contraction as price coiled tightly (red oval). Then right after the opening bell price expanded higher again.

You can see there were a few more expansion and contraction phases until the intra-day trend was broken and price finished weak for the day.

Enjoyed this? Don't miss the next one, grab the feed  or 

                               subscribe through email:  

One Response to “Relative Strength - SHLD”  

  1. 1 SHLD - Climbing the Wall of Institutions Selling at Trader’s Narrative

Leave a Reply