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Yanlord Land
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Yanlord Potential Inverted Head and Shoulders
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smartrader
Elite |
22-Feb-2010 11:55
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if i want to buy this counter, what is the best time to buy ? now or at $1.82m .....dilemma ? |
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tact888
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22-Feb-2010 11:21
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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A potential inverted head and shoulders pattern is forming on the hourly chart. A breakout above 1.82 will confirm this formation. If this happens expect more upward moves towards the 1.95 to 2.00 region. However this potential reverse head and shoulders formation will most probably be invalid if a breakdown below 1.65 occurs. Support failure here means a high chance of a retest of 1.55 recent low. View the hourly chart at http://tactcharts.blogspot.com/2010/02/yanlord-potential-inverted-head-and.html |
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