Don't Ignore This Chart!

Investing In A RollerCoaster Rather Than Riding One (SIX)


While the process of investing is commonly associated with a rollercoaster ride, the Six Flags Entertainment Corp.  (SIX) continues a smooth and steady climb from bottom left to top right. 

After pulling back from the highs in December, the stock is breaking out once again. The strong SCTR, the nice uptrend, and great weekly momentum on the MACD all look good. Last week's terribly low volume is a little concerning, but looking at the chart suggests this stock could run well into the summer like it has done the last 3 years.

Good trading,
Greg Schnell, CMT, MFTA. 

Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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