I have not reviewed the charts of Nuance Communications (NUAN) since Nov. 21, 2019, when I wrote that "Big bases or long bases can produce big rallies, so I am very interested in NUAN. The big base on the second weekly bar chart and the quantitative upgrade to buy suggest that NUAN is ready for a big move up. Traders and investors could go long at current levels risking a close below $16 for now."
More from Investing
One of the biggest issues facing traders is whether stocks that have already corrected deeply can withstand a falling Dow.
Let's look at the companies that can go up, and the ones that can't.
Don't be in a rush to buy those great values before they start exhibiting some better price action.
I worry that we are going to see a lot of folks go bust here soon rather than gathering up at least some of their winning chips.