Sunday, February 12, 2012

12th Feb 2012 – Pattern Study – V-shape recovery.

Ticker:

 

  1. CSUN

 

Topic:

 

  1. V shape recovery… Sunshine from the V valley

 

Lesson Learnt:

 

  1. A very sharp and nice v-shape recovery for CSUN.
  1. High volume near the bottom of the V shape and also at the top of V-shape.
  2. Long term monthly chart shows that the price is now testing it very long term down trend resistance line.
  3. It has not yet making quarter announcement, but chart pattern look promising.
  4. Daily chart secondary indicators all showing positive up trend.

 

Intraday Chart

-NA-

 

Historical Chart

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