Larry,
I like today's chart on VLCCF. It gapped up at the open and finished the day with a bullish candle. I almost bought it back but decided to let it finish and perhaps I'll follow through tomorrow.
stockcharts.com[h,a]daclyiay[d20041005,20050106][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
Your style of investing doesn't break any of my rules. Chart patterns can be applied to longer term trades, it's just that the fundamentals come into play as well.
My only rules about the time frames we trade in, is that fundamentals don't matter in trades that are being held 2-5 days. And, that one should match the chart to the time frame in which they choose to hold a stock.
I'll be looking to present some longer term opportunities via charting in the near future. Others will have to look at the fundamentals though. I won't have time to do both, find the opportunities "and" check them out.
That being said, the weekly chart is showing this is where one would expect a bounce if the uptrend is to continue.
stockcharts.com[h,a]waclyiay[pb40!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
dabum |
