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#1 hiker

hiker

    independent trader

  • TT Member*
  • 12,118 posts

Posted 27 June 2006 - 11:28 AM

6/27 intraday -

http://stockcharts.com/gallery/?SU

PnF chart returned to a bullish pattern alert on June 26th

challenging the PnF downtrend line today for the second time since May when price action moved and has remained below the d/t line

note the daily volume trend on this recent price advance...and how it compares to the weekly volume trend of the multi-week price decline

price advance today stalled at the bottom of the $78-81 horizontal resistance zone visible on the daily and PnF charts