RE: Finviz HI Sharpei!
The downward purple sloping line is the downward trend line. If you draw a line from the June bottom to where we are now, the support line, then another straight down the August first date, walla, we have a "flag".
Personally I don't want us to break the downward trend line just yet. The more consolidation we have here, the bigger the future move. We have all been patient, and the chart is finally setting up for a trend reversal.
I thought mid-Sept...now i agree with Bar, would like to see 2 weeks further out. THe next 50 trading day should start to form an up channel, and I finally like what i see regarding the channel formation, volumes, China Fiscal policy, etc...
Anyone with some play money should look into ECYT, THLD....just putting it out there......