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|-   Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Stock Market and Commodities Trading
+   TTEK - Bullish pennant formation broken
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Author Topic: TTEK - Bullish pennant formation broken  (Read 77 times)
OfflineGilbraith
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notepad Jun 18, 2008, 12:39:58 AM #1
 TTEK good earnings and a nice looking chart. TTEK is setting up for the next leg up. Doji candle on yesterday session near expected support, helps today rally on stock price. Today the stock broke a bullish pennant formation, therefore it may retest or overtake highs very soon. The pennant formation is characterized by a large volume spike in price over a few days followed by consolidation where price converges and volume diminishes often resulting in a breakout in the direction of the previous trend. The chart provide you a much better explanation. TTEK will be on fire again....... backup the truck.......
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