Comments on: XRX Trade Idea & Entry

By: Dean Drummond

Dean Drummond — Thu, 31 Jan 2019 18:27:44 +0000

In reply to bruce6999. Thx Bruce. I'll try to do a review of all the insurance stocks, or at least the big ones, soon & I'll check TRV.

By: bruce6999

bruce6999 — Wed, 30 Jan 2019 16:39:37 +0000

Also check out TRV – similar bearish chart in which the stock is also now facing resistance at the 200 DMA.

By: Dean Drummond

Dean Drummond — Wed, 30 Jan 2019 15:51:06 +0000

In reply to Dean Drummond. Very punny. Carl Ichan is behind this one & I smell a short-squeeze that has most likely run its course. In fact, I might also take a shot at his company, IEP, which is just below downtrend line resistance while also at a confluence of price resistance following a similar extreme overbought ramp off the late Dec lows.

By: sheldon84

sheldon84 — Wed, 30 Jan 2019 15:24:51 +0000

Good stuff. Thankyou

By: Dean Drummond

Dean Drummond — Wed, 30 Jan 2019 15:23:31 +0000

i would actually prefer a pierce of the line at above 28 for an entry. a break out at that line is a false break out.

By: PoloPro

PoloPro — Wed, 30 Jan 2019 15:22:31 +0000

Lol

By: Dean Drummond

Dean Drummond — Wed, 30 Jan 2019 15:15:52 +0000

i copy that randy. hoping it goes to xero.