Bullish daily chart pattern continues to hold The
Post# of 39368
Posted On: 11/14/2012 4:15:18 PM
Bullish daily chart pattern continues to hold
The higher low daily chart support and MACD uptrend continue to play out as described. This means the bears are unable to push the price down as bulls continue to bid at high volume on an incrementally higher price.
Looks like the timer has been extended for another 5 days for the bears, but none of this changes what happened the 3 months ending in September. Revenue should come out at a multiple of the second quarter. We are talking about revenue, which is the top line on the income statement that is recorded before any costs are deducted.
Institutional investors park their money for 5-10 years. Waiting another 5 days won't matter much to them.
[IMG]http://i.imgur.com/Bvog5.png[/IMG]
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