Last week an alert went out to buy PFIE on a breakout from the Cup & Handle Pattern. As you can see from the daily candle chart (above) the stock rallied exactly like we thought it would, however, yesterday a bearish engulfing pattern showed up at a resistance point. 80% of the time a stock will drop after a bearish engulfing pattern shows. Once you have exited the position you can take the money and get into the next trade, which I’ve listed for you on the next page.
Equity Oracle: 08/28/14
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