CHG

Nice 'symmetrical' triangle in an uptrend. Notice the small flagging action near the top of the triangle (resistance). Looks like a breakout should be seen soon. Bullish.

PNM

Looks very impressive. The narrowness of the ascending triangle makes this less than a text book perfect pattern. But with the high probability of this type of pattern, (and the strength of the sector in general) a breakout through the top of the triangle should send this market even higher. Wait for a breakout though. A short term set back is possible to better complete the pattern and test the market's conviction.

WR

Beautiful symmetrical breakout and retracement. Both price and volume look strong. Bullish.

CAH

Great bull flag/bull pennant breakout and retracement. Chart looks great and money flows are confirming. Bullish.

More on charts and chart patterns.	Like what you see? Click below.

For more information, e-mail PRStrading@aol.com

The information contained here was gathered from sources deemed reliable, however, no claim is made as to its accuracy or content.  This does not contain specific recommendations to buy or sell at particular prices or times, nor should any of the examples presented be deemed as such. The reference to statistical probabilities does not refer to profitability, but rather to the direction of the market.  The size and duration of the markets move, ultimately determines success or failure in a trade and is in no way represented in these statistics.  No representation is being made that any of the examples shown resulted in actual trades or will result in actual trades.  This is not, nor is it intended to be, a complete study of chart patterns or technical analysis and should not be deemed as such.  There is a risk of loss in trading and investing and you should carefully consider your financial position before making any trades.

Home