Thursday, May 24, 2012 12:34:28 PM
RTGV, ICPA >
$RTGV 0.0032
$ICPA
"Head & Shoulders Bottom Reversal"
RTGV could very well be the next ICPA !!
RTGV has a "down sloped" Neckline,
0.0049 down to 0.0048, and
0.0025 down to 0.0019
Thursday, May 24, 2012
http://www.pennystockgeeks.blogspot.com/
Educational Post: The "Head & Shoulders Bottom Reversal"
Head and Shoulders Bottom (Reversal)
Example:
Neckline:
The neckline forms by connecting reaction highs 1 and 2.
Reaction High 1
marks the end of the left shoulder and the beginning of the head.
Reaction High 2
marks the end of the head and the beginning of the right shoulder.
Depending on the relationship between the two reaction highs,
"the neckline" can slope up,
slope down,
or be horizontal.
The "slope of the neckline",
will affect the pattern's degree of bullishness.
A "downward slope",
is "more bullish" than an "upward slope".
$RTGV 0.0032
$ICPA
"Head & Shoulders Bottom Reversal"
RTGV could very well be the next ICPA !!
RTGV has a "down sloped" Neckline,
0.0049 down to 0.0048, and
0.0025 down to 0.0019
Thursday, May 24, 2012
http://www.pennystockgeeks.blogspot.com/
Educational Post: The "Head & Shoulders Bottom Reversal"
Head and Shoulders Bottom (Reversal)
Example:
Neckline:
The neckline forms by connecting reaction highs 1 and 2.
Reaction High 1
marks the end of the left shoulder and the beginning of the head.
Reaction High 2
marks the end of the head and the beginning of the right shoulder.
Depending on the relationship between the two reaction highs,
"the neckline" can slope up,
slope down,
or be horizontal.
The "slope of the neckline",
will affect the pattern's degree of bullishness.
A "downward slope",
is "more bullish" than an "upward slope".
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