Tuesday, April 24, 2007

Watch List Update - TODCO (Public, NYSE:THE)

A follow up to my April 16th watch list. As noted at the time, THE was my strongest candidate. It was also the slowest to take flight, but it was worth the wait. The first chart is a weekly view with the pivot point target. The second chart is the daily timeframe, which shows the ascending base and break, and the third chart in the 15 minute, intraday view of my trade so far.

I will be posting future watch lists after tax season is over.

If you are interested in nightly watch lists with these types of base and break patterns, please check out highchartpatterns. In February, I took the free, one month trial and I was really impressed with the stock picks and the timeliness of the nightly newsletter. Oh, and most importantly, I did have several very successful trades over the course of the trial that came directly from their picks.







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