Friday, July 13, 2012

Nice long set up

This chart of Canadian Solar shows a lot of the characteristics of a good long set up - higher high and higher low, a prolonged period of consolidation, and low volatility compared to previous months. If the signal is given then I will open a position here. I have no knowledge of the fundamentals here - all I know is that this sort of set up works well.

Given that the indices are tying to trend upwards as well, this sort of set up will hopefully appear on a bunch of stocks giving rise to the possibliity of some profits. Remember that any trades I take will be recorded in real time via my protected Twitter feed, but to access this you must fully understand the WHOLE system, and to be granted access you either need to participate in the webinars, 1-2-1 training or the mentoring programme (details are here).

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