Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, February 22, 2011
GILD Potential Cup and Handle C&H
GILD forming a textbook cup and handle (C&H) with the key breakout level at 40. Should the pattern continue and break up thru the 40 level the target is 48-49 which is a horizontal resistance area. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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