Equity Oracle: 09/11/14


The Bullish Engulfing Pattern is what first caught my eye but what really makes me feel good about this stock is that we’ve consistently made money with this one in the past. Bullish Engulfing Patterns are accurate around 80% of the time but what that also means is that they fail 20% of the time, which is why we have to make sure we are managing risk on this position. Just because this is a cheap stock doesn’t mean we can relax with it.

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