It looked like it could run quickly but coiled into a triangle, ending in an NR7. A break of this triangle coincided with a "First Cross" entry (green dot in sub-plot).
Wednesday, May 13, 2009
TZA
TZA formed a rounded bottom (on the 30-min chart) while showing a $28.50 resistance level. Price gapped above this resistance level this morning and consolidated without giving up much of it's move.
It looked like it could run quickly but coiled into a triangle, ending in an NR7. A break of this triangle coincided with a "First Cross" entry (green dot in sub-plot).
It looked like it could run quickly but coiled into a triangle, ending in an NR7. A break of this triangle coincided with a "First Cross" entry (green dot in sub-plot).
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