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Thursday, September 13, 2012 7:16:33 PM
$TRON AND THE 1,2,3 FORMATION:
I like TRON for tomorrow, many stocks when they first break a base or a trend tend (1) to move up and form a high, which is the new resistance. Following this break, they return and retest the location of the breakout (2) this is exactly what TRON has done today, step (3) is a move up from this location and a break of the high, which is the new resistance, that is the 1,2,3 formation, if you want to look at a great example of this check out the MFTH chart.
I like TRON for tomorrow, many stocks when they first break a base or a trend tend (1) to move up and form a high, which is the new resistance. Following this break, they return and retest the location of the breakout (2) this is exactly what TRON has done today, step (3) is a move up from this location and a break of the high, which is the new resistance, that is the 1,2,3 formation, if you want to look at a great example of this check out the MFTH chart.
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