breakout at 16 DEUTSCHE REGIS PARTNERS... heavy bid 1M+ at 16...
but upon glancing at the chart... 16 was the previous high... and serves as the resistance... at breakout/close at above 16 with volume greater than 118M would stregthen the notion that this is indeed a breakout... is this the ascending triangle that everyone was seeing during the basic seminars?
ALI may have formed a bottom yesterday... it made a piercing pattern... not only did it go above the half of the previous days black body but it was able to touch its shaven top... would it have closed at it top it would have been a candidate for a bullish engulfment... safe to say the bears are thinking about thier positions... but for arguements sake one thing is certain... the sharp downtrend has reversed... ALI might move sideways or get back up and move up... the next trading day is surely going to be watched by ALI holders...