Two stocks from entertainment industry...Is it that much tough too see which stock you would prefer...The Pvr chart clean one stock just kept climbing up with small pullbacks...Now at ATH zone, if clears all is well else climax bar volume will take toll to its uptrending...One cant do anything, just have reasonable entry on pullback and keep stoploss...Thats it..Let the stock do what it wants too...?? Why predict..??
Other stock inox, the relatively poor performer...Stock broken down below 200 SMA and took support below it with S/R levels...but unless stock show some signs of trading above 200 SMA...Its better to keep distance...
Chart analysis is a great tool if one uses what chart is telling,rather than imposing our thoughts what it should do...Have some simpler tools in your arsenal but study it well...Price action, moving averages, s/R zones...and one indicator is it requires...
