Cute with a Capital Q
I'll stifle all the bearish hoo-ha for a day and mention one honey of a stock pattern - Qwest Communications (symbol Q). This is a fantastic inverted head & shoulders pattern with a good volume and price spike today.
I've mentioned this stock in the past, but I wanted to put out a reminder since it's clearly broken above its neckline at this point.
2 comments:
Well... I thought the same... and I looked at the longer timeframe... looked like basic oscillation to me... :-) But, now a few days later, the price is up about 40-50 cents, or around 8-9%! :-)
I hadn't heard there was anything wrong with gigantic patterns. In fact, patterns lasting just a few weeks or months don't do much for me. My view tends to be - - the longer the pattern, the bigger the breakout.
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