NiftyLiveCharts Blog

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Breakouts from Bullish patterns

26/10/2009 by admin

There’s always a bull market in some or the other place . We’ve found several in energy, agriculture, and retail.
Origin Agritech (SEED) – Bullish Triangle
seed

SEED is tracing one big bullish triangle.
SEED is a small cap that’s been extremely volatile. The ups and downs in the stock have resulted in the formation of a triangle over the last five months. Look for a break above $9 to potentially lead to a bigger breakout from the triangle.

Potash (POT) – Bullish Flag
POT is at all-time highs!
We’ve been bullish on POT for years and haven’t wavered even a one bit of it . This has been one money making stock. It’s breaking out above $150 today, which has been horizontal resistance for the past eight weeks.
pot

Chesapeake Energy (CHK) – Bullish Flag

CHK is ready to run higher after breaking out from its bull flag.
CHK has been consolidating for the last four months. It looks like the stock is ready to run higher again. CHK could make it to $50 in the short-term.

CHK

Urban Outfitters (URBN) – Bullish Flag
URBN is trading extremely well in a rough environment of retail.
Not all retail stocks are getting hammered in this bear market. URBN is thriving to hit a new 52-week high today. Look for previous resistance at $29 to serve as support

URBN

Filed Under: Trading price patterns Tagged With: bullish patterns, chart patterns, forex patterns, martin pring on price patterns, price patterns, price patterns ebook, stock market analysis, technical analysis 1 - 3 115.09, technical analysis software

Comments

  1. baber says

    05/10/2010 at 6:29 am

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