Posted by: fortunefaded May 4, 2009
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Riten,
I was looking into REXX. It jumped 16% today and I still think it has some juice left for it to go higher.
I am posting the daily chart below and it looks to me like a Cup and Handle pattern that Emini was talking about.
Correct me if I am wrong....
And you can also look at this chart as a possible Inverted Head and Shoulders, which is a bullish reversal pattern.
Read more about it here: http://www.incrediblecharts.com/technical/head_and_shoulders.php
I was looking into REXX. It jumped 16% today and I still think it has some juice left for it to go higher.
I am posting the daily chart below and it looks to me like a Cup and Handle pattern that Emini was talking about.
Correct me if I am wrong....
And you can also look at this chart as a possible Inverted Head and Shoulders, which is a bullish reversal pattern.
Read more about it here: http://www.incrediblecharts.com/technical/head_and_shoulders.php
Last edited: 04-May-09 04:20 PM