Equity Oracle: 01/13/2012

As you can see from the weekly candle chart above, this week’s candle pattern shows a hammer pattern as it bounces off of support. The confirmation signal is the increase in volume. If you look at the previous volume spikes you will see that most high volume weeks took place near key pivot points to the upside. This helps increase our probability for making money on this trade and sets the stage for a price rally in the stock.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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