Wednesday, May 18, 2011

Chart Setups - ESRX, AKAM, RIMM, SINA, SOHU, GOOG

The following charts were posted on Chart.ly.

SINA is a morning star stick reversal pattern with good volume.

SOHU is a bullish engulfing stick on the support zone.

RIMM is a morning star reversal pattern on long-term support with a very oversold RSI.

GOOG is a wide bullish engulfing stick in a key support zone.

ESRX is a base on base continuation setup.

AKAM is a hammer reversal stick on support.

3 comments:

Attitude Trader said...

Hey Jamie,

On your SINA chart, would you also consider that an inverted hammer pattern? And, in your experience, would a morning star combined with an inverted hammer necessarily be a stronger pattern?

Thanks,

-AT

Jamie said...

AT,

Yeah, the inverted hammer is a good reversal candle by itself. Not sure if the inverted hammer makes it stronger.

Attitude Trader said...

Ok, thanks.

-AT