Here is an example of about the best consolidation pattern you can get.
Currently the stock is a bit overbought and brushing the upper Bollinger Band (The lines that follow the price above the highs and below the lows). With the overbought condition, the stock may move down one more time before making its move.
It is still a good one to have on the radar as once the price breaks above 28 1/4 on good volume it will be in a very strong position.
I am going to be posting some Educational Modules pretty soon as the first one is almost complete. I am also going to try and explain everything I see on the chart and how it works. Education is Power!!!
Monday, March 26, 2007
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