What's New?

Friday, January 4, 2008

TA: Falling Wedge

I hope this indeed a falling wedge. I have a position @ 1.28. After it went up the other day as high as 1.38, it began to go down @ 1.30. I hope that will be the new support. Perhaps a small flag? =) and it just consolidating after its price accelerated.

Falling Wedge
TA Chart January 04, 2008

But, volume does not agree for it to be a flag. =(