The Symmetrical Triangle pattern is identified by drawing two trendlines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows. This is why we […]
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Equity Oracle: 04/05/13
On March 15th I put out an alert to buy UDN and the stock has since stayed pretty much in that price range. The reason I’m putting out a secondary alert on the same stock is because the buy signal today came in loud and clear and I wouldn’t want anyone to miss out on […]
Equity Oracle: 03/30/13
In our last trade alert we saw a green candle that was giving us the signal that buyers were coming into the market below the 20-day moving average. The stock rallied since then but the short-term signal is now telling us we may pull back a little bit before the stock makes a run higher to the […]
Weekly Market Report: 03/24/13
Click the video link to watch this week’s market report, which contains helpful, in-depth stock analysis.
Equity Oracle: 03/22/13
You can see from the most recent candle chart of UDN that the buyers have moved the price over the 20-day moving average today. This is a bullish signal that has prompted me to reiterate the buy alert that I put out last week. If you have not yet gotten in on this position then it’s not […]
Equity Oracle: 03/15/13
You can see from the most recent candle chart of UDN that the buyers have moved the price off of the support level. The other sign of buying action is found in the length of the shadow beneath the candle from last week. The shadows are the vertical lines that protrude from the top and bottom of each candle. […]