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Strategies & Market Trends : Galapagos Islands
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To: AugustWest who wrote (15266)12/5/2002 2:37:29 AM
From: Jorj X Mckie  Read Replies (1) of 57110
 
CHKP

My read on it is as follows: It gave a buy signal when it broke through 15.50 and then again when it broke through the BRL at 16.00. However, the pullback is greater than should be expected in a bullish scenario. It looks like it wants to pullback to the BSL at 15.00. I would then expect a rally that brings it to a lower high at around 17.50.
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