Light: money flow flips in week 11 of the sell signal
Light barely moves (-0.3%) as buyers retake control of the sell signal
Light: money flow flips in week 11 of the sell signal
Our view last week
Tenth week of the sell signal on Light: the week closed down 5.9% with sell volume at 70%, the highest of the last four readings. Beneath the surface, though, the MACD histogram is narrowing and momentum is clawing back ground from two weeks ago. A decline holding its direction, with less fuel behind it.
This week's summary
Money flow on Light keeps normalizing: after last week's 5.9% drop, the stock barely moved this week (-0.3%), but volume flipped hard, 90% on the buy side. The MACD histogram keeps narrowing and momentum improves further: the decline still holds its direction along a string of lower daily highs, though the push keeps thinning out week after week.
IQS Phase
60
ordinary
Signal Strength
8
decline fading out
Sizing
MINIMUM
Ranking
#9 / 21
Rest of the World stocks
Trade P&L %
+34.44%
from signal to today
restricted Platinum content