3rd Feb 2012 – Pattern Study – You have to learn how to love triangles!

Ticker:

 

1. STP

 

Topic:

 

1. You have to learn how to love triangles.

 

Lesson Learnt:

 

1. Price overtook 20MA, 50MA and 100MA lines impressively.
2. 50MA and 100MA lines are about to do the Golden-Crossing.

3. Forming triangles after triangles.

4. All secondary indicators are very supportive.
5. If the price overtook $3.50, expect the stock to rally.
6. A very strong base was formed for about 3 and a half months.

 

Intraday Chart

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Historical Chart