This Is Why You Need To Seek A Second Opinion
When you are in doubt,
you seek a second opinion. One analyst may issue a “Buy” recommendation
on Oracle (ORCL), but others may say the stock is a “Hold.” Too much
information can be confusing and harmful sometimes, but traders need to get a
second opinion before entering a trade.
10:56:15
KLA-Tencor (KLAC) is extending its losses, and it is breaking down below
a bear flag on the daily chart. KLAC is trading at 37.09, down 0.36.
Although the issue traded briefly above the
20-day SMA, it could not overcome the gap zone. Also decreasing volume suggests
not many buyers are interested in KLAC at this moment.
Now look at the weekly chart. It is depicting a clear downtrend, and notice, the
stock is testing the lower boundary of a bear flag.
Get a second opinion. It will build your confidence.Â