Stock Chart Analysis CMGI
CMGI Inc. (Public, NASDAQ:CMGI)
CMGI has already doubled in only a few months, yet could be close to another strong move. The bull flag/pennant is one of the most powerful chart patterns to trade, and CMGI looks like it is close to breaking out of one. Aggressive traders can enter on a break of the trendline shown below, while conservative trader would wait for the previous high to be taken out.
Good Trading,
Joey
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment