zitron- yes I
agree with Steve, a wedge has formed on BOIL, but with the volume
patterns and slight divergence, it's gonna be volatile here for a
bit and subject to starts and stops, here's a 60 and daily chart,
regarding the channel you suggested, I drew what I think you might
be talking about, I have BOIL in a wedge, however if it lows the
lower trendline of the wedge, it could form a channel - see the
dotted line
BOIL needs much work on
BOIL - just slightly breaching the gap from two days ...
Posted by steve on 4th of Jan 2013 at 10:43 am
BOIL needs much work on Daily chart...traders are forecasted on longer term weather forecast suggesting warmer temps. View it as a trade.
zitron- yes I agree with Steve,
Posted by matt on 4th of Jan 2013 at 12:36 pm
zitron- yes I agree with Steve, a wedge has formed on BOIL, but with the volume patterns and slight divergence, it's gonna be volatile here for a bit and subject to starts and stops, here's a 60 and daily chart, regarding the channel you suggested, I drew what I think you might be talking about, I have BOIL in a wedge, however if it lows the lower trendline of the wedge, it could form a channel - see the dotted line
so far nice $2 bounce
Posted by matt on 4th of Jan 2013 at 02:53 pm
so far nice $2 bounce in BOIL, but it's still just a move inside the wedge for now
Thanks Matt. Between your and
Posted by frtaylor on 4th of Jan 2013 at 01:04 pm
Thanks Matt. Between your and Steve's comments I exited at 37.30 for a small profit. Hate losing, and BOIL can be a b@stard.
thks - I'll remain cautious
Posted by frtaylor on 4th of Jan 2013 at 10:47 am
thks - I'll remain cautious and take profits!
Copy.
Posted by zitron on 4th of Jan 2013 at 10:43 am