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So it's only the big big money calling the shots? Phew!!
What's your take on ABBV?
Cramer recommended that too tonight. Because at record highs there arent many buying opportunities. He's saying that Goldman is one of the few that is.
Abbvie is actually in a similar position now that I look at their chart. A doji and bullish confirmation. But these stocks are at all time highs. I am hoping a breakout by Goldman.
Both are on the verge of either breaking out or slowing down/reversing. They are both testing resistance. They are both headed to uncharted territory. I don't know how it will go either. it is already in an uptrend and could come down.
dojis mean indecision. like see the yellow circled D in the right of that chart. what it points to. it is just moving sideways instead of up or down. everybody is in purgatory at this time. that is why it is so thin. So the next candle means everything. It shows what direction it is going now. So in general the candle that follows the doji is important. Cuz it shows people made up their minds. And the bigger the better.
I don't know. Both of these stocks are testing their limits. I would be more confident if we were in a downtrend and then we got those dojis. But both stocks have been going up.
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