Saturday, March 17, 2007

MVIS Head and Shoulders Bottom?


Trading Goddess asked over at Fly on Wall Street about the possibility of MVIS forming a reverse head and shoulders pattern. This is a pattern formed at a bottom. Stockcharts has a good explanation of what this pattern looks like with a reference chart here.

I'll let the readers decide if this is a Head and Shoulders Reversal.

5 comments:

Ambient Insight said...

I see a cup and handle...but they are very similar patterns with the same outcome: Rapid pps movement! However, its not truely the formation until we get conformation. In microvision's case we will need a huge volume stick to move us past resistance at $4.00.

TradingGoddess said...

Oh crud! I am not able to see the reference chart - the link does not work for me.

waaaaaa!

Woodshedder said...

I fixed the link for you TG. Sorry about that. Hope you didn't get frustrated. I know how you hate that...

Woodshedder said...
This comment has been removed by the author.
TradingGoddess said...

LOL!... Yes, I do hate to get frustrated, but I manage to find ways to release it! hehe

Thanks for fixing the link. It is appreciated, as well as your time in posting! I wasn't expecting such an indepth analysis, just a "no, you're nuts" or a "mebbe" for a reply. LOL!

Keep up the great work you are doing over here!