Submitted by Nameless Hero on Mon, 12/28/2009 - 14:54
Bottoming, bottoming and bottoming? Based on the weekly trend chart, this stock has been bottomed, the price has been flattened for couple weeks, the trend level starts to improve. I think it is worth to keep this stock for long term play and time will tell. I put this in case study series because I think it would be good to illustrate how the weekly chart works. Weekly trend charts are just another great tool to capture a longer trend of stocks, combine it with the daily chart and one can track back the rally is a bounce or a real rally.
Weekly Trend:
Daily Trend:



Post new comment