Jump to content



Photo

GROW


  • Please log in to reply
2 replies to this topic

#1 hiker

hiker

    independent trader

  • TT Member*
  • 12,118 posts

Posted 18 January 2007 - 04:00 PM

today's low tests the uptrend line on the PnF chart -

http://stockcharts.c...llery.html?grow

#2 traderpaul

traderpaul

    Member

  • Traders-Talk User
  • 6,034 posts

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 hiker

hiker

    independent trader

  • TT Member*
  • 12,118 posts

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.