Thursday, June 3, 2010

Nice base, ok fundamentals...

Here is a stock setting up a beautiful base with nice tight trading action. The volume pattern is not the best in the world neither are the fundamentals. However, it looks like a stock that's worth a crack at. This is its chart:

It reminds of these two bases formed by NVMI and IPXL near the start of the November 09 rally and the start of the February 10 rally respectively. Here are the charts:

Just remember to use those stops! Good luck and good trading.

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