Thursday, January 20, 2011

UCO's Failed Low Volume Breakout on Jamuary 12th



In upper chart, the red elder bar's aroon pattern, CCI value & position near the 50 day MA suggests more downside (white arrows). However, today's equivolume box is a big square which is often occurs at turning points within equivolume consolidative boxes. The American Bulls candlestick website signalled sell signals for UCO & Oil Service stocks today.

No comments:

Post a Comment