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TTEK Bullish pennant formation broken


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#1 Costa

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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...... .sc.jpg
Costa
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#2 selecto

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Posted 08 May 2008 - 05:07 PM

http://stockcharts.c...4090&r=2913.png