drmolar...AMKR put in a reversal candle (down) last Friday and
is now testing initial support near its 20 day MA. The bulls
hope would be that it forms a higher low (possible RS of an Inverse
HS pattern) around this area. You want to see a trigger on the time
frame you're comfortable trading to enter a long, if triggered put
in a stop below the pullback lows). Here is an updated view
of such a potential IHS. Please understand that this has yet to be
confirmed.
AMKR
Posted by drmolar on 22nd of Jan 2013 at 11:32 am
Is this a low risk entry point?
drmolar...AMKR put in a reversal
Posted by steve on 22nd of Jan 2013 at 11:55 am
drmolar...AMKR put in a reversal candle (down) last Friday and is now testing initial support near its 20 day MA. The bulls hope would be that it forms a higher low (possible RS of an Inverse HS pattern) around this area. You want to see a trigger on the time frame you're comfortable trading to enter a long, if triggered put in a stop below the pullback lows). Here is an updated view of such a potential IHS. Please understand that this has yet to be confirmed.
http://stockcharts.com/h-sc/ui?s=AMKR&p=D&yr=0&mn=6&dy=0&id=p52937380352&a=289576169&r=1358874193909&cmd=print
Title: low volume today and
Posted by kydude on 22nd of Jan 2013 at 11:37 am
makes it a tough call.