BFC beston global food company limited

Chart specialists, page-6

  1. 7,432 Posts.
    saucers aka rounded bottoms are 'considered' short term patterns on a par [perhaps] with long term cup'n'handle.
    There's some $500 book by some one with a name like Browski that did a study of the various patterns and their success rate of actually playing out because just because an identifiable TA pattern forms, there is NO Certainty given of target fulfilment.
    Yes one could see two saucers or 2 Triangles. But mostly the TA indicates a Up Trend Continuation after the SECTOR bubble blow off of Xmas/New Year trading. The Milk/Food sector esp with China Market "ambitions" got overheated by day trading, pippers, milk mania has since moved off onto other "rockets"
    and hopefully apparently the 'yahoo guns' go back to their day jobs or back to school, some more solid FA comes out to sector participant shares and TA can align with FA for a solid, sustained UpTrend
    etc etc blah blah hey?
    Happy Trading and/or Investing.
 
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