by the way the technical target is nearly 32$
Saturday, August 6, 2011
Another confirmed Head & shoulders (VRTX)
this H&S is confirmed by break the nickleline, lets see if it will test the broken line
by the way the technical target is nearly 32$
by the way the technical target is nearly 32$
Monday, August 1, 2011
How to use technical analysis to predict the COMPQ next steps?
Technical analysis is powerful tools that serve trader to predict where are markets will go. Lets take COMPQ as example see tha chart below
Now lets combine all technical analysis methods together to get a Comprehensive view. The trend was starting near 1260 and temporary ended near 2500 within 13 months, then the uptrend has been resumed from 2050 which is 0.32 fibbonaci retracment to 2880 during 12 months, in amazing and impressively way 2880 is equal 0.62 of expansion of primary first uptrend which is started from 1260.
I think there are room for COMPQ to continue uptrend till the second uptrend equal the first uptrend in time or in price percentage, there is more likely to see new highs in near future.
Now lets combine all technical analysis methods together to get a Comprehensive view. The trend was starting near 1260 and temporary ended near 2500 within 13 months, then the uptrend has been resumed from 2050 which is 0.32 fibbonaci retracment to 2880 during 12 months, in amazing and impressively way 2880 is equal 0.62 of expansion of primary first uptrend which is started from 1260.
I think there are room for COMPQ to continue uptrend till the second uptrend equal the first uptrend in time or in price percentage, there is more likely to see new highs in near future.
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