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.
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