Replies to post #18400 on Chart Patterns and Trends

[callthebank]

does which way the flag is blowing mean any thing?

[eelfland]

I think the trend has changed to down. I don't know how to copy/paste pictures, but if you look at a three-month chart, like this:

http://stockcharts.com/h-sc/ui?s=COPI&p=D&b=5&g=0&id=p41518942183

and draw a line across the bottoms from Dec 7 ti January 8, it gets violated on about Feb 11. From the highs Jan 23 to March 1 are the tops in what I see as a new downward channel.

The March 1 rally did not take out the 1/24 highs, which it would have, if the uptrend were still in effect.

The chart, to me, says that for now at least, this stock is "over," and I think it's making a new downward-sloping channel.

[Drugdoctor]

Thanks for the Chart MrBigz - I'm looking at the math on the chart and I believe the target may be .02 higher? Looks good right as COPI earnings are supposed to hit!