- AT&T chart is showing price and volume breakout in weekly Time frame.
- Price has closed on a high with good buying volume.
- Price is consolidating in short time. Next long entry can be taken when price breakout of this pattern.
- MICROSOFT DESCENDING TRIANGLE PATTERN
April 3, 2011
- LIC Housing Finance gave a perfect breakout from a channel along with volume spike.
- Notice the steady decrease in volume when price moves inside the channel. One can avoid false breakouts if the breakout does not have a volume spike. In this case we had both.
- Price was also forming an ascending triangle pattern.
- Price has closed above 200 DMA. Stock will move higher if 200 DMA holds.
- LAST UPDATE ON LIC HOUSING FINANCE