Posts tagged ‘Inverse Head and Shoulder’

April 1, 2011

STP’s Doji at the Top

I’m calling a pause on STP’s head and shoulders.  Today’s test of what I felt is the point of resistance was weak, ending up with a doji at the top of a trend.  Therefore I’ll call it.  Reverse.  (But can I say I hope for a break in the neck line? 🙂

 

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March 31, 2011

STP – Inverse Head n Shoulder

Take a look at STP Suntech Power Holdings Inc’s chart.  The first thing you’ll notice is the inverse head and shoulders which is setting up nicely and almost completing the last shoulder.  Another favorite of my is the Three White Soldiers.  After a nice decline, this set up leans toward a good trend.  But as noted on the chart, let’s wait for the break past the 9.90 area.