lowtrade

[lowtrade]

Trying to see if you learning and seeing positive things in the chart or just keep asking for opinions.

EGOH has a falling wedge pattern. Which is a reversal pattern. Really recommend studing chart patterns so you can find positive stock picks.

There is always a reason for interest. I recommend looking for positive chart patterns, so you don't end up just playing whats in front of you.

IMO one key to successful trading is finding waht you want to trade. Not trading what happens to catch your eye. If you find what you want and only play what you want, your odds for success are increased.

Example is this chart. Thought you would point out a bottom bounce. But with the falling wedge for support, of that bounce. The odds for success increases. I'd play this chart, way before any plain bottom bounce without a chart pattern involved. The pattern creates a history of success comfort in every trade.

Falling wedge
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_revers

Chart patterns
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns