GREY:LACHF - Post by User
Comment by
dollpartzon Jan 12, 2010 11:28pm
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Post# 16671767
RE: RE: lma ' s chart
RE: RE: lma ' s chartAnd... the neckline is upward sloping which is considered more bullish. Volume... the left shoulder is usually the highest volume.. the head here looks higher here? .... but volume isn't everything.
Moving average should change direction during pattern.. 200 day definitely hasn't changed direction (used for longer ones which this is I think). 50 day would probably if it drops again..
Also look for strong volume on confirmation... I dunno.. something to watch for.. it's not written in stone even when confirmed but people should be aware of it. Blah blah... etc..