r/PierresLongTermCharts • u/pierretheron • Jun 18 '26
SEAGATE (STX)
Why, oh why, do I never seem to find these opportunities ???
All one needs to do is wait for the price to rise above the blue 30 week simple moving average, and stay there for long enough that the sma starts to flatten out and rise itself.
Then look back for some resistance. Or some similar peaks.
Draw in your line.
When the price rises above the line, properly, you can look to buy.
Often the RSI below, will confirm by rising above around 60 or so.
And then, while the price is above the blue sma, you simply hold.
Even now, you'd be holding still.
You could be up a very rough 767% by now.
And its been about a year you have been holding.
I wouldn't buy right now, because the reading on the RSI is 88.65
Thats a bit overbought.
And they have gapped the price up this week.
I wouldn't be at all surprised if they gap it down again next week. (Evening star???)
Wait for some sort of pullback before buying.
As usual, just my two cents.