"That's not a pennant forming is it?"
I was wondering the same thing today, Wolf.
FYI, if you want to see a flag/pennant in action take a look at the daily, 6 month, candlestick chart for T.BCE. The pennant reached the apex two days ago, and yesterday was the first day of the upward breakout. Actually, I predicted the breakout from the flag two days ago, based on what I saw forming, and posted it to the t.bce thread on SH (I have a family member I follow this for, even though I own no BCE). Too bad I don't have a good track record of predicting moves on stocks I actually own (sigh!).
stockcharts.com[L,A]DACLYYMY[DC][PB50!B200!D20,2][VC60][IUC20!LA12,26,9!LD20!LH4,3]
Joe |
