I know a some of the chart patterns have been mentioned here already but a friend pointed out another one I missed last night (reverse H&S).
First there's the break of the down trendline beginning with a top in Nov '07. It hasn't completed the 1-2-3 trend change criteria yet, waiting for a break of 26.5c. There's also the bull flag. Third there's the cup and handle (beginning 4/3/7). The cup and handle could also be a part of a reverse head and shoulders.
So break of the recent high at 26.5 will confirm no less that 4 bullish chart patterns... A prettier chart I have not seen for a long time...
- Forums
- ASX - By Stock
- the ultimate buy signal
I know a some of the chart patterns have been mentioned here...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)