Saturday, January 15, 2011


Here a stock that broke a inverse Head and shoulder and now forming a bull flag. So if your a believer of Fibonacci numbers a pull back to 3.83 ( which is the blue lines and is the 38.2% retracementt) would be a good time to maybe start a position on this stock. If we should break the 38.2 retracement the would breach the neck line and void the head and shoulders pattern. My measurement for the head and shoulder is 5.00 which is the top red line and a double top. Again this is my interpetations of technical charting and consult ur investment consultant before making any trades

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