Pipe Bottoms
deal with capitulative stocks. High volume on a horrid day in a horrid trend, then look for a strong reversal, many times a Harami, and as the seller(s) quit selling, the price rebounds to an upper resistance, as BRVO did. I sold all at .081. I thought it was going into the teens, but it broke the intraday uptrend, and now looks as if it's going for a double bottom.
My baby right now, is CKSW. Nice flag/pennant conclusion last week, which also may be a positive conclusion to a cup and handle formation over the last two months, imo. I have my targets.
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