Here are four charts that I thought looked good: This setup tends to be bullish, especially with the stochastic in the oversold area (stoch chart). |
I like this chart too. Looks like it may be overextended; volume is waning as price increases. An evening star formation is starting to form, which could lead be a bearish indicator. |
With the stochastic in overbought, this engulfing candle setup looks ripe for the picking. Looks like it may find support around 44. |
GT seems to be consolidating around 19/20. If it doesn't break that (and volume has been light on the pullback, suggesting it won't), then it could become a profitable trade. Good trading and remember to take care of yourself. |
Sunday, August 31, 2008
Three is a charm? For me, four is a charm
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