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PALM, j-hooking

 
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Snake



Joined: 06 Apr 2005
Posts: 223

PostPosted: Mon Apr 24, 2006 3:10 pm    Post subject: PALM, j-hooking Reply with quote

PALM looks like it's forming a j-hook pattern. It's occuring at the 20dma, which is a minor support line in my opinion, but has held up reasonably well for the last few months or so.

Today was a good up day after 4 days of indecisive trading/doji days (on a lousy day in the markets no-less). Volume wasn't too bad, stochastics are oversold and curling up.

All looks good to me.
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