GT Advanced Technologies Inc fka GTAT

[WARRIOR6267]

Yeah i dont thing its a rising or a falling... I dont really count those lol but im no pro even though i have done well.. the real way to trade a wedge is to go long if price breaks above the falling trendline or short if price breaks below rising trendline... Really no point buying in the middle because the price will be rangebound ontill one side breaks... Doubledown has his drawn kinda like mine... One thing has me bearish and thats the 6month mcad is about to cross which is saying upward momentum is stalling. I dont think doubledown uses that signal. But his charting is pretty good.

The upward trendline is slightly longer so acroding to books the longer one usualy is stronger and the more times the price hits that line the more powerful it is.

If price breaks 8.6 id say wait till 8 and if it drops to 7.7 sell everything because it will have completed a head and shoulders signaling a reverse in trend...