For GU, you can see triangle(regular) pattern. This pattern is neither bullish nor bearish until the breakout is confirmed. It could breakout either way. What is certain is that as the price continues to coil, the breakout is near. Once the price does break out and give a sense of direction, the stock will tend to accelerate quite quickly. So you can wait until breakout occur or just post your position between upper and lower TL.
Sunday, March 29, 2009
[Analysis] GJ & GU
For GU, you can see triangle(regular) pattern. This pattern is neither bullish nor bearish until the breakout is confirmed. It could breakout either way. What is certain is that as the price continues to coil, the breakout is near. Once the price does break out and give a sense of direction, the stock will tend to accelerate quite quickly. So you can wait until breakout occur or just post your position between upper and lower TL.
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