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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: HeyRainier who wrote ()6/20/1997 1:16:00 PM
From: HeyRainier   of 257
 
PGEX update: currently 25

I am currently recommending against a long position in PGEX as it has broken through its wedge on the downside, and the MACD indicator is now pointing negatively. Technicals are looking negative though its fundamentals looks good. We will continue to look for those with positive TA and FA factors.

Rainier
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