Friday, October 28, 2016 6:44:26 AM
NEWC...028...Chart....Inverted Head n Shoulder Pattern forming...PPS hit 05 resistance neckline and the double top caused the dip to initiate the right shoulder formation of the head n shoulder pattern...The resistance neckline and the history of double top dips shown on the 10 year chart is why I held NEWC and why I sold on the day previous to this dip...as it also became very overbought....it all works in conjunction with each other....and the very reason why I will look to enter when these pattern reach their bottom....then we go to 08 / 09 range ...imo...we shall see...
There are no bad stocks only bad entry points and bad exit points.....
Never look at a stock and say it's good or bad but on the contrary say this is what it is....now how can I profit from it.......
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