Post feedMmmm.....Price Patterns
In this mornings presentation we looked through a pretty good list of flag patterns. I also noticed in the "comments" of prior posts that there were other patterns out there that some of you have been watching. If there are any others you would like to add, please post them here.
These are just a handful of random flags. Some have confirmed, some are awaiting confirmation. If you are unsure on how to handle flag patterns, click here.
SMG
HAL
WBSN
FFIV
NUE
These are just a handful of random flags. Some have confirmed, some are awaiting confirmation. If you are unsure on how to handle flag patterns, click here.
SMG
HAL
WBSN
FFIV
NUE
MSTR
AKAM has a flag breakout today.
Posted by
Anonymous |
11/07/2006 10:34:00 AM
ANOTHER TYPE OF PATTERN
I have been reading 'REMINISCENCES OF A STOCK OPERATOR' and came across a paragraph that hit me. The paragraph is on p. 48-bottom.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!"
So there is hope!!! ;)
lori
Posted by
Anonymous |
11/07/2006 10:34:00 AM
NSC flag is also breaking out today.
Posted by
Debbie Davis |
11/07/2006 10:55:00 AM
AMAG Bull Flag breakout today. I have a target of $5.00 (Would anyone like ot confirm ?) I'm use the height of the flag pole as the estimate.
Additionally, KLAC is breaking out of a triangle today.
-M
Posted by
Anonymous |
11/07/2006 10:59:00 AM
just my comments, for what it's worth:
1) I don't see anything resembling a flagpole on AKAM. I see a possible support bounce from yesterday.
2) AMAG is just a little early yet on the flag break.
Posted by
Anonymous |
11/07/2006 11:47:00 AM
PMTI broke out today on STRONG volume. Measuring the flag conservatively (as jeff does), the target on this $49.80 stock is a $6 move to $54.
$50 could act as resistance here, but i love the risk/reward.
Posted by
Anonymous |
11/07/2006 12:03:00 PM
AMAG - I don't see a flag yet either. I would probably view this as a support bounce off of long term support (April's high). About the 39.43 level. I think I would also classify this as a higher low.
Tim
Posted by
Anonymous |
11/07/2006 07:01:00 PM
What are your thoughts on SUPX. I'm concerned that the flag is as long as the pole. It's had nice 5 to 6 $ moves. It's also bouncing off of the 30 DMA. This should easily return to the 46 to 48 $ range. Now we just have to wait for confirmation.
Posted by
Anonymous |
11/07/2006 07:08:00 PM
SUPX, It is approx. at two support lines now. The diagonal uptrend support line and retesting the bottom of the earnings candle. It bounced off this today. If it closes below either of these support lines very much or 2 days in a row I would walk away. There is also long term resistance at 46+.
Jeff mentioned on the WebCast to watch for MER. It broke resistance to form a new high on good volume and is almost setting on support.
Posted by
Anonymous |
11/07/2006 07:50:00 PM
XMSR may confirm a double bottom soon.
Posted by
Debbie Davis |
11/07/2006 08:41:00 PM
Could AKAM's breakout be a wedge breakout?
Posted by
Debbie Davis |
11/08/2006 09:23:00 AM