Today’s trade of the day features one of my favorite chart patterns – the bullish triangle formation which is characterized by a few days of near record volume buying followed by tight consolidation where price gets squeezed to a point with diminishing volume. The result is often a breakout in the direction of the previous trend which in this case is up, up, up. Basin Water (BWTR) is breaking from this very bullish formation today with decent volume.
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Dollar Bull Trend NOT Over
(Comments for thetechnicaltake, 1/13/12)
Dollar Bull Trend Definitely Over and How This Might Impact Equities
(Comments for thetechnicaltake, 1/20/12)
Poll Results: Equity Bulls = Bears
(Investment Postcards from Cape Town, 1/3/12)
Investor sentiment: The bulls aren’t buying it
(Investment Postcards from Cape Town, 12/12/11)
Filed under Stock Trade of the Day by Tate Dwinnell
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