By now most of you guys already know about my technical analysis learning kit, Chart Pattern Manifest. What you don’t know is how quickly these people are picking this stuff up. Yes, even I am amazed.
Anyways, now many of my customers and I are bouncing stock ideas off each other. I finally learned a way to make my own friends!
My latest satisfied customer, Matt, just showed me a chart of JDS Uniphase Corporation (JDSU), and I have to say it is definitely now on my watch list.
You can see that JDSU experienced a pretty big push before starting to head down. Is this just another pullback to test latest support? The stock looks to start rounding out and the relative strength index and stochastics are both looking to break away from oversold territory.
Look for JDSU to bounce somewhere between the 62% retracement level and 200 simple moving average (red line).
Have no idea what I’m talking about? Well here is your chance to finally learn technical analysis quickly and easily.