The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Wednesday, August 26, 2009
An agita chart
OK master technicians, analyze this one. Big pop on earnings (not to mention an analyst upgrade AFTER it jumped). What is the trend? Where is resistance? What color was George Washington's white horse?
2 comments:
Looks like you need to be from the "islands" to truly understand this chart.
Is that a biotech? No wonder. Biotechs have too high a risk for exogenous events to move the stock for momentum indicators to work.
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