Weekly Charts with Rhum (XRB, HOD, DMGI, ATE)

Here’s another edition of our chart-based weekly with our FinTwit friend Rhum.

Every week he breaks down charts from some of the hottest tickers out there. These charts will show you some of the most hyped-up names of the week, and maybe even a few that might be good buying opportunities.

If you like the charts, don’t forget to support Rhum and his blog for his hard work and don’t hesitate to send in any chart requests either.

XRB – Building

With one of the few investments only down 1%, this bond index is clearly building support with fear at all-time highs.

HOD – Can’t be Held Back

HOD is the inverse oil fund and is it ever on fire today. The stock has already broken the resistance line drawn below — watch closely to see how far this will rip.

DMGI – Bottom Broken?

After taking a big hit today, watch closely if any bulls remain to put in a bottom for DMGI.

ATE – Cup and Handle Broken?

The chart was set up for a nice cup and handle before Mr. Market laid on a smack-down. Watch closely for a potential recovery.

Evan Veryard has a Bachelor's of Chemical Engineering from McGill University and a MaSc. of Chemical Engineering from RMC. He has over 6 years of research experience focusing on industrial materials. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.


Please enter your comment!
Please enter your name here