1. What are the two key mistakes beginners make in reading trends?  2. Which “key” chart pattern reveals a top or bottom is near?
3. What are the most reliable chart patterns? 
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Breakout Highlights – Bitstream (BITS), Digital River (DRIV), Knight Capital (NITE), Oracle (ORCL)

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

With the rising market has come a slew of quality breakouts.  It’s been a loooonnnggg week so I’m going to be brief here and just throw up the charts of a couple of my favorites right now.  Remember to avoid chasing any positions at this point.. the market needs to digest recent gains and many of these opportunities will most likely pull back a bit offering a better entry point.

81706_bits

81706_driv

81706_nite

81706_orcl

As always, you may see the full list of high quality stocks (total rank 50/60 and above) that have
broken out in the past couple weeks.

More on this topic (What's this?)
Options Expiration – February 2010
Oracle Squares Off against IT Tea Baggers
(ORCL) Oracle Analyst Bullish on Long-Term
Read more on Knight Capital Group, Digital River, Bitstream at Wikinvest

Filed under Stocks by Tate Dwinnell

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