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Sunday, June 3, 2007

TA: Pattern Confirmed by AT Community

I love my Absolute Traders community. I am not so confident about my charting yet. So, learning from my impulsive trade with RLT. I decided to post my chart at AT forum for comments.

My classmate bearclaw commented that it's a sexy chart and MACD crossover confirms the breakout further. See my related post TA: Breakout from Symmetrical Triangle

Of course, Master Bonner exclaims that we spotted another GOLD MINE!

Mhanz794 pointed out that looking at the picture there's a cup and handle formation. And, the symmetrical triangle formed is a handle. Based on Mhanz794, the target price is 2.17.

Chart by Mhanz794