Sippin’ From The Cup
Patterns are fractal, meaning they repeat themselves on any scale (or time
frame) in which they are analyzed.
13:51:36
Movie Gallery (MOVI) is trading in a running cup and handle atop the 20-day moving average. MOVI
is up 0.16 at 24.16 and is holding a
3-month relative strength ranking of 95 from TradingMarkets.com.
The cup in handle is thought of as an intermediate-term pattern,
but I like to look for it with regard to swing and even intraday trades on the
five-minute chart.
(
MOVI |
Quote |
Chart |
News |
PowerRating) has been strong, let’s see how this one plays out.
Until tomorrow,