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Post# of 34483
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HOLDING ETLS BABY

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HOLDING ETLS BABY

Re: None

Tuesday, 05/25/2010 10:23:53 AM

Tuesday, May 25, 2010 10:23:53 AM

Post# of 34483
35's are what needs to be bought up before we can go any higher IMO. A Double Top Pattern was formed yesterday at 35. Just to let you know.

The Double Top Pattern is formed when a stock's price climbs to a resistance level once, bounces off and then climbs right back the same resistance level. Therefore, usually within a short time span, a stock hit two highs of nearly the same price.

The two "tops" formed after the share price had a recent climb. By the stock hitting these two "tops" or peaks, it is confirming a strong resistant. Therefore, it is likely that the stock will have great difficulty going any higher.
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