[smartads] In previous, ‘Charting Stocks for Dummies‘ we looked at stock charts that made a quick pop and a one time only event. In this edition we are going to look at a longer term trend and when to figure out if its been busted or not. Remember that these case-studies are to see if [...]
[smartads] In previous ‘Charting Stocks For Dummies‘ we have looked at charts that have broken out to the positive side, but this time we are going to look at a stock that we predicted to get rejected by the resistance and could have been shorted. Remember that these case studies are to show you how [...]
Last time we looked at a simple pullback play off support. This time we are going to look at a great wedge breakout, which resulted in 10% returns in just 3 trading days.
Yesterday I showed a chart of YRCW that I captured during market hours. It was a fairly simple and low risk setup. Now let me detail how it all went down.