(Click On Chart To Enlarge)
From December 12 entry:
"We came into this week watching to see if these stocks could reverse back above their breakouts and spring Bear Traps, but we still have the Bull Traps in place in these 3 charts."
On December 13, XING put in a Doji Star Hammer at the bottom rail of the Bear Flag. That was its FOURTH hit to that trendline. Although that test held up into the close, the pattern got broken to the downside in Friday's trading, and on a closing basis. In addition to the Crash target and the three downside targets in the $6s, that puts 7.81 & 7.39 IN PLAY unless/until XING closes back inside the Bear Flag, the bottom of which comes in at 8.487 on Monday, December 17.
1 comment:
hi MelfElf,
is the BMTI chart a island gap up?
Acting as a new support line?
cheers Oliver
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