Sunday, March 23, 2008
DBS
DBS's chart has two possible patterns. A descending right angled triangle and a double bottom. Both are unconfirmed. Incidentally the STI and Dow charts both have possible double bottoms.
Measured target based on a double bottom pattern is 21.60 but note the HCR from 18.80 - 19.60. A breakout above 18.98 would confirm the double bottom pattern. If I wanted to be more aggressive I'd enter on a break above the downward trendline.
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