TTEK Bullish pennant formation broken
Started by
Costa
, May 08 2008 04:35 PM
1 reply to this topic
#1
Posted 08 May 2008 - 04:35 PM
TTEK good earnings and a nice looking chart. TTEK is setting up for the next leg up. Doji candle on yesterday session near expected support, helps today rally on stock price. Today the stock broke a bullish pennant formation, therefore it may retest or overtake highs very soon. The pennant formation is characterized by a large volume spike in price over a few days followed by consolidation where price converges and volume diminishes often resulting in a breakout in the direction of the previous trend. The chart provide you a much better explanation. TTEK will be on fire again....... backup the truck......
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Costa
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