tea leaves, page-3

Just a little theoretical exercise,( sucking eggs for most of you) with the charts recently showing a nice technical compliance, as we had anticipated..But lets face it this is running pre announcement and its probably silly to be "trading it" based on Chart Gyrations as Blueballs has also suggested...

I am going to persist however as one could easily anticipate an increased market depth will provide some short term opportunities.
Last nights close was a classic where a nice increase in volume and a Daily average price of 67c was smashed by a $100 trade . This left a bearish reversal Candle with a large upper shadow, signifying the stock was over bought and needs to accumulate sidewards for a while, Momentum oscillators also show it was overheated.
The pattern is a :
click here"shooting star candle"

Bulkowski's TA candle reading above ,is actually not that bearish, as he quotes a 59% chance of reversal as "near random odds"

cheers

Summary, we are not there yet but price patterns are firming nicely..Trailing stop raised to 615 (or the actual on screen market buy depth in that region)..