$LAD - suffers 8th straight week of selling
Chart is weekly,
b bands are 13 weeks with 2 std dev.
linear regression is 52 week and 1 std dev.
Could fall more, but showing signs of being oversold (Williams %R).
Watch out for end of quarter (June 30th) selling pressure, and further weakness in sympathy to a broader market pullback (if any).
For week 25, considering a half position as trade, particularly in $295 to $305 range
I think at a minimum it's worth being on a watch list ...
b bands are 13 weeks with 2 std dev.
linear regression is 52 week and 1 std dev.
Could fall more, but showing signs of being oversold (Williams %R).
Watch out for end of quarter (June 30th) selling pressure, and further weakness in sympathy to a broader market pullback (if any).
For week 25, considering a half position as trade, particularly in $295 to $305 range
I think at a minimum it's worth being on a watch list ...
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