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Day Trader001
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Retired from US Airways, Day Trading is a great, but with these markets Swing Trading is more to the norm and quite profitable. Advocate for the Horizon House in Indianapolis. The Horizon House is the only Day Shelter for the homeless in the city and does wonderful work assisting people in... More
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  • ARNA Charts A Rise, Per Recogina! "Symmetrical Continuation Triangle"  2 comments
    Nov 22, 2012 8:10 AM | about stocks: ARNA

    For all you charters;

    (Recogina November 21 2012)

    ARNA Inc forms bullish "Symmetrical Continuation Triangle" chart pattern Nov 21, 2012.

    Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on ARNA this bullish signal indicates that the stock price may rise from the close of $9.20 to the range of $14.75 - $16.25.

    The pattern formed over 105 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

    (Recogina November 21 2012)

    Disclosure: I am long ARNA, VVUS.

    Stocks: ARNA
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  • EHSTEINERT
    , contributor
    Comments (50) | Send Message
     
    With all due respect, show me where the charts predicted the recent PPS drop below $8 and I'll take this chart prediction more seriously.
    24 Nov 2012, 01:32 PM Reply Like
  • Day Trader001
    , contributor
    Comments (671) | Send Message
     
    Author’s reply » The $7+ drop was a quick one off VVUS downfall. I doubt that any chart would have time to develop a pattern for that.

     

    You could contact Recogina inc for more data on time development.

     

    As you should know Charting is simply another form of data to add to an arsenal of research.

     

    I hope that answered your question
    24 Nov 2012, 06:42 PM Reply Like
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