- ORCL drops below breakout level on second day; close below $32.27 would force an exit.
- YHOO pierces lower 55-line by 1¢ but the breakout is unconfirmed: No entry.
Here are the issues that I’m tracking using channel analysis.
Bull breakout within the last two days
Nearing a bull breakout
Unconfirmed bull breakout within the last five days
Bear breakout within the last two days
Nearing a bear breakout
Unconfirmed bear breakout within the last five days
About channel analysis
Read a detailed explanation of my channel analysis method, including trading rules.
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
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