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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: dan36 who wrote (98594)5/19/2000 5:31:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
VRSN marketgems.com Its an ascending triangle and in this case you'll note its after a particularly long DOWNTREND of VRSN. Ascending triangle patterns like this are important after downtrends because here we see as an attempt for a bottoming of VRSN and possibliity is bullish for the future. Of course a breakout of the ascending triangle will be at 140 or so but 137 looks like a resistance breakout before the ascending triangle breakout.

Since we are both looking at the daily chart the trend is longer term. We can see that because of these patterns of VRSN we can have some good buy triggers from the intraday charts for day or swing trades BEFORE it breaks out of the daily charts.



To: dan36 who wrote (98594)5/19/2000 6:33:00 PM
From: WaveSeeker  Read Replies (1) | Respond to of 120523
 
Dan,

It's amazing how many technology stocks are forming multi-week triangles (e.g, ITWO has had 3 lower high pivots since early April and 2 higher low pivots since the middle of April). Although the swings are still relatively wide, they are contracting into something's that going to be very exciting in the next several weeks.
WS


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