today's low tests the uptrend line on the PnF chart -
http://stockcharts.c...llery.html?grow
GROW
Started by
hiker
, Jan 18 2007 04:00 PM
2 replies to this topic
#1
Posted 18 January 2007 - 04:00 PM
#2
Posted 18 January 2007 - 04:33 PM
Hiker, If you do a stage analysis on this stock.....You would run rather than walk....A clear breakdown on the chart.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#3
Posted 19 January 2007 - 11:01 AM
let's see if 43.82 is the near-term bottom? note price action vs.the rising tops trendline on the weekly
yes, Paul, it is iffy...
so I assume you believe risk/reward at a $44 entry today favors the risk side....in that event, a daytrade would be called for and not a swing trade....we'll see
fyi, a heads-up post about significant chart events is what I believe is helpful sometimes....sometimes advance preparation for a trade setup in the making is all I am talking about...no need to assume I am trading it at that very moment.
Edited by hiker, 19 January 2007 - 11:04 AM.