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Shaking the stock in the morning is one thing. Closing at the low on high volume selling, overwhelming the buying in the last four days is another. 4.1% loss .
Good move Abe. I was tempted. First stage base as I read it. Not sure what the pattern recognition states.
I would take a chance with this at this price but would exit if it close any lower than 21.74. It looks to be a shakeout. What do you think abe?
NCR is all about ATm's. Barron's ran a bullish article last week. Temper that with BAC and VLO not renewing leases for ATM space at malls and mini marts.
There's not much to like in the last four days. No reason I see to get involved under the CAN SLIM pivot point.
In looking at the daily chart here, looks like it loosened up on the upside of the base. Perhaps more convergence before the upside began would have been helpful.... in the low end of the base. Timing just is not there as Abe indicated.
Apparently all the ATMs will be replaced to allow access to the ADA blind. Not sure of that legislation, but did read of it somewhere. Looks like from the chart that if that is true, the market has not caught on to it or that it is not.
Take a look in another 7 weeks to see what is has done.
PS: sy.bong, you may want to revisit the volume characteristic for a shake out.
10 percent profit from july 24. Booyah.
Good catch Abe. See what it did today. Now that's reading the charts !
If sy.bong applied the three days without accumulation and a distribution day sell rule, a profit could have been taken on 8/10 or 8/11.
actually sold it on august 8 for a quick profit of 13 percent cause got scared of the market not moving and in low volume. but i'm intrigued of the three days without acc. and distribution rule.
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