Yep I'm keeping an eye on it, but for now I don't see any
reversal to indicate a trigger, watching 30 and 15 min charts, it
could go lower and break through the bottom trendline; typically on
wedge patterns the lower trendline sometimes has to be adjusted as
the pattern matures
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JDSU
Posted by giunchi on 28th of Jul 2011 at 10:47 am
Matt, JDSU kissed the down trend line in the bull wedge. Any updated thoughts?
Yep I'm keeping an eye
Posted by matt on 28th of Jul 2011 at 11:03 am
Yep I'm keeping an eye on it, but for now I don't see any reversal to indicate a trigger, watching 30 and 15 min charts, it could go lower and break through the bottom trendline; typically on wedge patterns the lower trendline sometimes has to be adjusted as the pattern matures