If xyz is above ABC buy, and if it is below PDQ, sell.
What kinda analysis ( I hate to call it that ) is this? How come nobody says that the trend on daily charts is up, but on a 60 minute chart it is down, so you should buy on declines, or the trend on the daily charts is down, but on a 60 minute chart it is up, so you should sell on rallies. Same thing applies to Weekly/Daily time frames.
How can a stock have a buy and a sell at the same time, irrespective of the price levels? This whole logic is flawed
ss
What kinda analysis ( I hate to call it that ) is this? How come nobody says that the trend on daily charts is up, but on a 60 minute chart it is down, so you should buy on declines, or the trend on the daily charts is down, but on a 60 minute chart it is up, so you should sell on rallies. Same thing applies to Weekly/Daily time frames.
How can a stock have a buy and a sell at the same time, irrespective of the price levels? This whole logic is flawed
ss