not calling it a buy now but pointing out why i love this chart pattern so much
TFL i did not buy because refuse to buy animal farming stocks
not a great deal of volume overhead from the downtrend.
check the long basing pattern and even better if it tests below there and rejects it, to give a kind of inverse H&S but long and rounded out.
then couple subtle hits of green volume come in (arrowed) without moving price. then a dominant green candle with the following candles contained within on reducing volume (previous HC poster calls it a bambi).
then breakout
please tag me if you find a pattern like this
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just checked my first post over the weekend and everything in it moved today - RLE, TFL, NTI, PGM, UNV.
think PGM needs to go sideways for a while now and waiting for UNV to have a real crack at BO.
