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Heikin-Ashi trends: Good bank? Bad bank? #markets #trends #trendfollowing
April 18, 2014
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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Categories: heikin-ashi
$ANCX, $CHCO, $EGBN, $GABC, $SBSI, heikin-ashi