yes ghosttrader...discussed NTAP last night hitting neckline
support as an level to take some profits. For such a trade to
continue you want to see a clean break, backtest, and then a move
lower to confirm pattern. Otherwise, one has to be aware of a
bounce off the neckline (support) of some sort and today shows a
strong move on a upgrade.
Ntap
Posted by ghosttrader on 12th of Apr 2013 at 01:57 pm
Ntap explosion to upside
yes ghosttrader...discussed NTAP last night
Posted by steve on 12th of Apr 2013 at 02:28 pm
yes ghosttrader...discussed NTAP last night hitting neckline support as an level to take some profits. For such a trade to continue you want to see a clean break, backtest, and then a move lower to confirm pattern. Otherwise, one has to be aware of a bounce off the neckline (support) of some sort and today shows a strong move on a upgrade.
yea that was some bounce !!
Posted by ghosttrader on 12th of Apr 2013 at 02:33 pm