This is Ebay against $INDU on 17th August. Ebay was going higher and higher and closed up for more than 6%.Ebay had been a strong stock prior to this. The breakout happened late 16th. It has to be an overnight trade.
How to join the rally on the 17th?
Entry
Take the long trade whenever $INDU completed a downturn and up again.
Note the followings:
- $INDU was never OS(oversold) in multi-MACCI settings
- Ebay's rally was followed through with high volumes and Ebay was never OB(overbought) in the context of the MPD, in otherwords, Ebay never went outside the upper MPD band
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