Heikin-Ashi trends: Good bank? Bad bank? #markets #trends #trendfollowing

 

Prices are generated by perceptions.

When you see a Buy or Sell in the paper or in a report or article, act as President Reagan did: Trust but verify.

You may be too early or too late.

 

Use Heikin-Ashi for an unbiased view of the trend.

 

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German American Bankcorp (GABC) monthly chart

• Bullish.
• Waiting for a Heikin-Ashi confirmation (blue circle).

 

 

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City Holding Co. (CHCO) weekly chart

• Forget: Not ready for a long entry (see haDelta in the lower pane).

 

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Access National Corp. (ANCX) monthly chart

• Forget: Not ready for a long entry (see haDelta in the lower pane).

 

 

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Eagle Bancorp Inc. (EGBN) weekly chart

• Bullish.
• Waiting for a Heikin-Ashi confirmation (yellow circle).

 

 

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Southside Bancshares (SBSI) monthly chart

• Forget: Not ready for a long entry (see haDelta @ resistance in the lower pane).

 

 

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