A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.The double top is a major reversal pattern that forms after an extended uptrend. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. The double top … [Read more...]
Breakouts from Bullish patterns
There's always a bull market in some or the other place . We've found several in energy, agriculture, and retail. Origin Agritech (SEED) - Bullish Triangle SEED is tracing one big bullish triangle. SEED is a small cap that's been extremely volatile. The ups and downs in the stock have resulted in the formation of a triangle over the last five months. Look for a break … [Read more...]