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Post# of 64337
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trader53

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trader53

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Re: None

Tuesday, 04/06/2010 4:03:36 PM

Tuesday, April 06, 2010 4:03:36 PM

Post# of 64337
5-week Reverse H&S Pattern is BULLISH

Over the last 5-weeks, a Reverse Head & Shoulders pattern can be seen on the daily charts.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p89347355309

.18c is what is called the "Neckline",
.10c would be the "Head",

Here's a link for its interpretation and implications.

http://www.thehotpennystocks.com/Learn-To-Trade/reverse-head-and-shoulders-pattern.aspx

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