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Worden Discussion Forum » General Discussions » Stock and Market Talk » PXLW, another flag play?

PXLW, another flag play? Rate this Topic:
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fpetry
Posted : Friday, March 12, 2010 8:33:51 AM
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Joined: 12/2/2004
Posts: 1,775
 PXLW, I guess you could call the current setup a double flag (note 3/2 failed flag breakout).   Regardless, price and volume action yesterday showed signs of possible impending flag breakout, with move above 4.85 a signal.  All the indicators I use looking terrific since last month's move: BOP, MS, OBV, total volume,  strong relative strength, and price already having taken out nearby Sept/Oct resistance. 
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