Posts Tagged ‘fdx’
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A New Chart Pattern to Watch For
stevenplace, January 8th, 2010 at 2:16 pm, Comments: 0I don’t know if there is a name for this pattern, but I’ve been seeing it a lot lately. I guess we can call it failed-breakout-range-base-then-rip-higher. It’s sort of the cousin of the failed breakdown patterns I’ve been seeing recently, but the supply/demand structure is different.
Essentially, the stock or etf goes higher on momentum, finds [...]
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Steve Place is a professional derivatives trader, focusing on equity options. He has a degree in Electrical Engineering with specializations in Signals Processing, Stochastics, and... More »
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