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deadjim

05/16/13 1:10 PM

#73595 RE: deadjim #73594

NEWL charts: For you new guys still learning, take that intraday NEWL chart, draw lines over the high this morning and a line through the higher lows at bottom range and you get an ascending triangle.. bullish patteern particularly on these light trader low floats when they get vol.

Was a flag til it confirmed.. noticed how it reacted at the high. all due to the pattern and what it represents: price compression. good chart to learn from and how to anticipate them

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ascending triangle


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New Waters

05/16/13 4:05 PM

#73603 RE: deadjim #73594

NEWL - argggg! That .32 is a tough one. Take care.