Sunday, November 29, 2009

Bearish head and shoulders patterns are appearing on many stocks, especially in the energy sector. These setups will become ready to play short once there is a daily confirmation close below the neckline. The target of the breakdown can be measured by taking the distance from the high of the head to the neckline and then using that distance from the neckline to measure breakdown target.

XLE

OIH


HESRIG
DO

APA

APC



blog comments powered by Disqus