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dmlabuda

07/17/12 8:47 PM

#7008 RE: Traderbytrade #6980

I disagree about the technical indicators, in my opinion, it does look like a market bottom and there is high volume, a bullish divergence and Oversold conditions so, I'm satisfied that we should see a rally here now. There is also the possibility of a descending triangle but, when you add up all the reasons to buy and compare it against the descending triangle, I say it's worth the risk and not all descending triangles break down. http://stockcharts.com/h-sc/ui?s=UCHC&p=D&b=5&g=0&id=p45068287272&a=271334202&listNum=5