05-April-2011–Pattern Study–CROX

Ticker:

 

1. CROX

 

Topic:

 

1. The crocodile is surfacing again for the 3rd time. This time it might be real.

 

Lesson Learnt:

 

1. Historical chart stick to the trend line pretty well.
2. This is the 3rd time it punch through the resistance line and looks like it can be coming for real.
3. If it comes back down, the support line should be somewhere $17.00 and $17.50.
4. Intraday chart looks quite healthy too.

 

Intraday Chart

Historical Chart