The first thing I would be looking for is a break out above the small declining trend line (the top of the flag). But only if it hasnt retraced too far and only if volume is consistant with a bullish consolidation and breakout. I dont like buying stocks that consolidate too deeply as I think can destroy the momentum.
I dont look for pivot points as such, I prefer to let the market decide and use the break out along with other indicators and volume to confirm whether or not to take the trade. And obviously the rest of the charting landscape such as support and resistance.
Vassalo is somthing I am certainly open to trying sometime. Ive gotta have a deeper look into it though. Do you use them?
