1. What are the two key mistakes beginners make in reading trends?  2. Which “key” chart pattern reveals a top or bottom is near?
3. What are the most reliable chart patterns? 
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Sep
06
2007
Trade of the Day – Bullish Triangle Breakout in HMS Holdings (HMSY)

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

It’s been awhile since I’ve featured a trade on the long side due to increasing risk there, but couldn’t pass up this gem in HMSY which is breaking from a bullish triangle formation with volume today.  This formation is up in all time highs territory and a break above 25.40 would be an all time high.  Doesn’t get too much more bullish than this.  Tread lightly with long trades here though.

 

More on this topic (What's this?)
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)
Read more on HMS Holdings, Bull market at Wikinvest

Filed under Stock Trade of the Day by Tate Dwinnell

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