weekend charting 29-01-10, page-126

  1. 1,786 Posts.
    My take on AKK - forming a great base, if it breaks the wedge it might be a great mover. Nothing to ever say these stocks won't just stay in a holding pattern longer than the wedge, but shaping up OK. A buy on 4.8 ish (on the way up not down!) with a tight stop would be great low-risk trade. Interesting the Jan 12 ann was a false break of the wedge on huge volume - shows a lot of the August /Sept holders churning out and what a massive spike in SP like that can take ages for a stock to "recover".

 
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