This method is different than normal channels because the VERTICAL DISTANCE between the channel remains constant. There may be 2 constant channel sizes though. Accurate placement on the significant points is important and there should be minimal margin of error in breakthroughs. I zoom in at least 200% to set them. I have tried this method on Hi-Caps, pennies,...
measured move to $65 or just go back to play within the box. range from top to bottom is $25
multi-year top, however volume has been low, and it did not handle the 2007 top, will be interesting to watch.
Option traders are slightly bearish this stock and could be a good indication to sell now and take profit next downside target is $33.80 Join us woowtrading.net