is in the eye of the beholder… and sometimes not even there. Beauty is also dependent on time.
Take a look at Office Depot [ODP]. Personally, I think the stores are all crap, but there are some buyers who beg to differ, so…
Here is the Weekly
Obviously the stock is in a decent uptrend. Longs can be considered unless price pulls back and pushes below $5.20.
The Daily Chart suggests a long signal triggered in recent days. A long around today’s close or below with a Stop down around $6.15 looks like an interesting setup.
By the way… remember when I said beauty is in the eye of the beholder and time also has a hand in it? Well have a look at where this stock has been and you might not be excited about it anymore… signal or no.