Friday, August 25, 2006

Charts of Interest (TRE / GG / GSS)




(click to enlarge)
Comments:
  • TRE has lagged and now it looks like it may be at around support. After a breakout (in either direction), the measured move on TRE would be around 39%.

  • GG is currently in a Triangle pattern. After a breakout, the measured move on GG would be around 25%.

  • GSS has outperformed recently but it may soon be headed for a fall with another, steeper bearish wedge developing. A breakdown out of the wedge would lead to a mild fall of $0.2 to $0.3.

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