InvestorsHub Logo
Followers 331
Posts 4031
Boards Moderated 0
Alias Born 05/17/2011

Re: trading.jeff post# 10666

Sunday, 07/08/2012 11:22:30 AM

Sunday, July 08, 2012 11:22:30 AM

Post# of 38376
There are such things as FALSE cup & handle formations. So, anytime there is a possible chart pattern developing, it is always wise to move off the daily chart and see what is going on in the world of the microcosm. So, lets take that advise a step further an having already investigated the Daily and Hourly charts, let's see what the 15-minute chart unveils, shall we? http://stockcharts.com/h-sc/ui?s=ENTB&p=15&yr=0&mn=0&dy=5&id=p93605158566&a=271376368&listNum=6
Obviously the 15-minute chart seems to favor the bulls but, of course this is a very short term view of the market. I would venture to say that the price on Monday will continue to venture higher until it meets with resistance and an over bought market.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.