If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

Friday, January 3, 2014

TSO 1/3

I started out the Chart Practice site with historical charts that I wanted to keep separate from this blog with current charts.  However, I eventually wound up doing current charts.  There isn't any real reason to keep them separate so I will be doing the charts on this blog from now on.  The first one up is TSO.


TSO seems to be consolidating after a nice run to the upside.  It looks to be forming a symmetrical triangle and is approaching the apex.  An upside break out could test the summer high around 65.  That should be the higher odds resolution.  If it breaks to the down side there is the 50 and 200 SMAs to catch it.

Bob

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.