30th Dec 2010 – Pattern Study on STEM

Ticker:

 

1. STEM

 

Topic:

 

1. This example shows that all patterns are valid either they are stock that > USD100.00 or < USD1.00

 

Lesson Learnt:

 

1. There are many "obvious" and "safe" entry points if one pays very close attention.
2. Check out the "KILLER spot". This one can get a trader kill pretty easily. This is quite common in this kind of BIO stock.
3. The chart is forming a very interesting triangle NOW. Question now is --- Will it form the 1Million $ entry point for you to get in? And will you dare to get in? And if you get in, where should you set your stop loss point?

 

Intraday Chart

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Historical Chart