Saturday, December 15, 2012 1:03:17 PM
Sure isn't any definitive answer to the question of future price prediction is there SG? I do like the doji on both chart and the bearish candle following but there's no confirmation of a reversal just with the two candles.
What makes me uncomfortable being short overall on EJ is the monthly chart with the hidden bullish divergence and the bullish break of a bullish wedge pattern. There can still be a pullback based on the smaller time frame charts, but I wouldnt be a bear on the weekly or monthly longer term swing trades. Here's a chart showing what I'm seeing below.
What makes me uncomfortable being short overall on EJ is the monthly chart with the hidden bullish divergence and the bullish break of a bullish wedge pattern. There can still be a pullback based on the smaller time frame charts, but I wouldnt be a bear on the weekly or monthly longer term swing trades. Here's a chart showing what I'm seeing below.
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.
