Monday, February 10, 2014 2:54:53 PM
Todays chart.
This is nothing but a confirmation of a strong pennant pattern. We had another wic down to test the 20 period EMA. Along with the decline in volume and descending stochastics this is allowing the other indicators to catch up. This stock was a little over extended on the yearly chart and needed a little consolidation. This is just normal trading. Anytime I see a strong pennant pattern I want a volume decline and a descending stochastics
This is nothing but a confirmation of a strong pennant pattern. We had another wic down to test the 20 period EMA. Along with the decline in volume and descending stochastics this is allowing the other indicators to catch up. This stock was a little over extended on the yearly chart and needed a little consolidation. This is just normal trading. Anytime I see a strong pennant pattern I want a volume decline and a descending stochastics
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