Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Example discussion from a recent article.

Goldman Sachs (GS) sliced off 1% in trade about 35% slower than usual. After hitting a high in mid-December, Goldman is now about 3% off that high. The stock is extended but has completed a three-weeks-tight pattern. The potential buy point is 245.67.

The three-weeks-tight pattern can only be seen on a weekly chart. It involves three weekly closes bunched tightly. A move above the pattern's high, preferably in heavy volume, constitutes a secondary buy zone.

Individual investors who got left behind by the fast moves in the bank sector could use the three-weeks-tight as a way to gain exposure. However, because the three-weeks-tight is a secondary entry, new positions should be lighter than usual.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.