ECTY Chart.......checkout the Double Bottom made in Nov. 2012........
Dec. 2012 was rally time........ECTY pulled back to end the yr.......then on Jan. 7th a bullish reversal pattern formed......
the next day the Parabolic SAR(orange dots) flipped to a buy signal, like today & ECTY has been heading higher ever since.......
On the Jan. 7th MA(10) resistance broke & on Jan. 8th MA(20)/Middle Bollinger Band resistance broke......both of these moving averages have been support ever since.......
As this chart shows, ECTY spikes then pulls back.......what I do notice is each spike has made a smaller candle, if you include the tails.....& the vol has decreased w/ each spike as the share price heads higher......
Looking @ this longer term chart ECTY appears to be due for a spike through the Upper Bollinger Band......that's been the pattern the entire yr......
Remember, the trend is your friend.........until it changes........the last time SAR flipped to a buy signal was on Jan. 8th........the SAR was a buy signal all the way until Feb. 28th........
The SAR flipped on March 1st & was a sell signal for only 3 days.....today it has flipped to a buy signal.....it's very important for ECTY to push through the Upper BB to keep the trend going.......
What you don't want to see here is a double top........a close above 0.90 would be very bullish.......
Sweet Chart.......ECTY on Dollar land radar.........$$$
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