Red Hat (RHT): Would You Be A Buyer?

in money •  7 years ago 

SUMMARY

Here is a weekly chart of Red Hat (RHT) showing its five wave impulse. Would you consider wave 5 as being extended? Does wave 5 look to have moved in a near vertical trajectory? Is this angle of ascent sustainable? Is this the time to be taking buying or selling actions?

What do you do when you see an extended wave 5? Do you buy with open arms or sell and not walk but run? The pattern also shows that the rise has been pretty symmetrical to the left side. So, IF this is a Cup & Handle, then the handle could make swift work of a correction to pattern it out. For now, the ABC is marked to decline towards the 0.618 Fib zone.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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When an asset like this goes parabolic buying the top shouldn't be that problematic. Most likely you'll quickly be capable of rising your SL above purchase price.
If wrong, your SL will take you out very soon.

Bro AST plz

bitcoin help please

Bitcoin will rise... the accuracy of this site has been impressive for a long time: http://cryptosrocket.com/btc/2018/05/14/bitcoin-btc-update-we-just-made-an-emerged-crossing-were-going-up-target-9550

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