Another interesting read on reversal patterns as i
Post# of 3844
Posted On: 01/02/2014 1:13:53 PM
Re: umd_scientist #1855
Another interesting read on reversal patterns as it relates to accumulation.
http://www.stock-investment-made-easy.com/acc...phase.html
While it's not mentioned in the above article, a "W" pattern is a very bullish reveral indicator. A one year daily chart on EWSI shows essentially the next uptrend is starting and should take us to old highs for a potential breakout into blue sky. If EWSI grew as much in the final Qtr as I think they did, then the chart is justified to head to the 20 - 30 area IMO......
http://www.stock-investment-made-easy.com/acc...phase.html
While it's not mentioned in the above article, a "W" pattern is a very bullish reveral indicator. A one year daily chart on EWSI shows essentially the next uptrend is starting and should take us to old highs for a potential breakout into blue sky. If EWSI grew as much in the final Qtr as I think they did, then the chart is justified to head to the 20 - 30 area IMO......
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