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Strategies & Market Trends : Alpha Stock Pick Charts
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To: SE who wrote (10)2/11/1998 6:32:00 PM
From: Trader X  Read Replies (1) of 70
 
re GSNX, another fine reversal formation in the making.

and something that's interesting about this chart--

based on the high volume on the drop to 13 in October, I think that the stock will hit resistance at $16, form a head/shoulders bottom on the pullback, and surge past the neckline in a breakout move over $16.

In that scenario, the true bottom is not yet in, and the ascending triangle is but a part of the overall reversal bottom...in otherwords, a bottom within a bottom. Nice chart.
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