Click on chart for larger view.This is a 60 minute view of CTXS which shows the shallow base, tight consolidation pattern and its very profitable outcome. It also shows how the oscillators and indicators should perform during a bullish momentum move. Note the late day euphoric volume spike at the end of today's session. These euphoric volume spikes usually foreshadow the end of a short-term move.
N.B. - Stochastics on the chart should read overbought as opposed to oversold.
2 comments:
Hi Jamie,
What are your thoughts on CTXS. It has had 2 down days since you covered it last. Was wondering if you still think it's bullish.
Thanks, AJ.
Hi AJ,
My last post for May 10th is in response to your comment.
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