SRX Seagate Daily Chart; Island Reversal

The Seagate chart is interesting since it displays an island reversal pattern. Price collapsed lower in July creating the gap-down move. Then STX spent the summer on the brown island. The island even had a green palm tree for shade. Price began moving higher in October and it looked like it would be a gap-fill move but instead price gapped higher above 38 creating the island reversal pattern. Price shot into the gap at 41 and may want to play around there for a little while. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.