RBC Breakout
By Johns Wu on Sep 04, 2005
I caught this next chart from a blog I visit frequently, CANSLIM Investing. The stock is RBC and it just broke out of nicely formed ascending triangle (aka coil) chart pattern.
Not 100% sure about this play though, because the volume on the breakout was not that impressive. If the volume dries up significantly and RBC pulls back to the top of the triangle, then it might be safe entry.
This will be a nice stock to watch next week.
This entry was posted on Sunday, September 4th, 2005 at 12:30 am and is filed under Annotated Analysis.
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