Seagate caught my attention today by the pattern that has developed which leads to break outs. See the chart below.
Happy Trading
Brice
Thursday, January 31, 2013
Wednesday, January 30, 2013
Chart of the Day: Holly Frontier Corp
HFC has been in a really strong sector Oil Gas and Drilling Exploration. This sector includes stocks like TSO, PSX, and VLO. The chart feature I draw your attention to is the ascending triangle and a bullish break out. The pattern here suggest the break out could be as big as the base of the triangle or $10 in the next 4 months. That is how an ascending triangle can be traded.
Happy Trading
Brice
Happy Trading
Brice
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