Wave Your Flag
While all of the great responses we have been getting on the new TradersWire
Interactive chat room have been great, I wanted to remind
everyone today to remember to take a look at the java applet once in a while — you can spot some great chart patterns and potential setups from the alerts
generated by the applet.
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A quick glance at the daily chart shows the stock in the
beginnings of a flag pattern. Will this pattern resolve itself with higher
movement out of it? No one knows for sure, but it is a good candidate to follow
for a possible breakout.
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New highs often clear the way for the stock to trade higher.
With the java applet, the Insights From the War Room
and the new TradersWire Interactive you
will have ample information to pull out tradable stocks from the market
everyday.
Have a wonderful and safe Fourth of July holiday,
everybody!
Until Thursday,
Duke