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URC - Universal Robina Corp. (1 viewing) (1) Guest
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TOPIC: URC - Universal Robina Corp.
#6438
seamaster (User)
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urc. 1 Year, 9 Months ago Karma: 0  
it looks like a Falling Wedge but the volume does not seem to say so.

but here is the chart nonetheless.
 
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#6450
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urc 1 Year, 9 Months ago Karma: 0  
its more like a head n shoulders considering the volume.
 
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#6451
Yamada Jiro (Visitor)
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Re: URC - Universal Robina Corp. 1 Year, 9 Months ago Karma: 0  
The volume isn't diminishing so it doesn't qualify.
 
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People tend to lie, the chart doesn't.
- adapted from CSI season one
http://tarantrader.blogspot.com
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#6455
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Re: URC - Universal Robina Corp. 1 Year, 9 Months ago Karma: 0  
its always a hard call to spot a reversal pattern in the making. Let it come downfirst then allow it to rally.... then you short..
 
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Re: URC - Universal Robina Corp. 1 Year, 9 Months ago Karma: 0  
Charting practice lng po...

I was just using URC data in trying to spot bearish trends, and I just want to know if the blue triangle that I made is valid?...even if it broke down sa triangle tapos bumalik ulet sa loob ng triangle?
 
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#6818
meekes (User)
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Re: URC - Universal Robina Corp. 1 Year, 9 Months ago Karma: 0  
Yung triangle is still valid if you would use it as support and resistance lines, pero if your expecting for the price to move towards the target price of the breakdown, medyo hindi na ganun ka reliable yun kasi nag breakdown, then bumalik sa loob ng triangle. The ideal scenario would be for a rally towards the previous support after the break down and for it to continue its move down.

Please correct if what I've said is wrong.
 
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