Last Post 01/29/2013 06:14 PM by flavio911 (25) . 2 reply.

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01/21/2013 05:57 AM

by gar.chan (765) Joined on 05/28/2010 Posts: 67

This looks like a double bottom chart; but the breakout week over the pivot was actually less volume than the week prior or the week after.

any other criticisms of this chart?


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01/21/2013 06:46 AM

by vorlon (175) Joined on 09/16/2010 Posts: 25

The C-D part of the double bottom (if you want to call it that) was a little bit too short in my opinion. It went down to D very quickly - in just one week pretty much. So I would say it's a cup. It broke out from that on Friday, but on just average volume, so I wouldn't buy it yet - if at all.

01/29/2013 06:14 PM

by flavio911 (25) Joined on 06/30/2010 Posts: 30

Part of a a very strong group not yet on the radar. TV station stocks have been ripping, TVL, GTN, SBGI. This one is probably going higher. BLC looks good as a breakout now too.