hirahara...he's referring to the intraday charts where price
action has been contained in narrow range (thus coiling) into a
tight pattern. This is normally a pre-cursor to a quick
thrust...since it's been making higher lows odds would lean to the
upside. With that said, it's not one of my favorite trading
stocks...trades too loosely for my liking.
Can u be more specific?
MCP
Posted by hirahara on 6th of Feb 2013 at 04:28 pm
Can u be more specific?
hirahara...he's referring to the intraday
Posted by steve on 6th of Feb 2013 at 04:47 pm
hirahara...he's referring to the intraday charts where price action has been contained in narrow range (thus coiling) into a tight pattern. This is normally a pre-cursor to a quick thrust...since it's been making higher lows odds would lean to the upside. With that said, it's not one of my favorite trading stocks...trades too loosely for my liking.
Thank u. I review the
Posted by hirahara on 6th of Feb 2013 at 05:15 pm
Thank u. I review the 15 min chart