BFG prefers to come up with his hope of what the shareprice will do, then strings together any available information that may support his wish.
:D:D:D:D:D:D:D
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Your right NG--from my limited knowledge it can signal a breakout(imminent ay be a bit strong though)--it can go either direction.
I think those who are really good at charts can get an ''inkling of which way might be a little more likely'' (but Im not in that league)
I think it can sometimes take a while to happen
Looking back,that does seem to be the case(but only just)----Only problem is ATM the sp is going the wrong direction:confused:
The BBs seem to be widening at the moment - at least the 20,2 ones are
I have noticed Mr Magoo :t_up:
But the breakout has occurred--You just never know which way its going ,for sure.
Its now below my selling price before the announcement--My coffers are empty though as I have gotten interested and bought into another medical stock which IMO has better fundamentals.(doesnt have a fun thread though)
It dropped 2% as soon as I bought in though so dont feel to bad guys--Still good looking chart though with a good ways to go before telling me to bail---Have faith skid.
Its not TRU-- It wouldnt be good form to mention it without a nod from the person who put me onto it--If its ok, you can feel free to compare the fundamentals and charts with PEB