PAY Ascending Triangle

By Johns Wu on Dec 30, 2005

PAY, Verifone Holdings Inc, showed up on my ascending triangle scan today. I’ve been tweaking my scan parameters for the last couple weeks and it’s working really well now. I used to get a few hundred matches a day, of which only a few were truly valid ascending triangle setups. But now, I get about 3 or 5 matches a day and they’re usually all valid setups.

Anyways, PAY broke out of an ascending trangle a couple days ago, and has retraced to the triple support. Watch the indices very carefully however, because the markets have been looking pretty bad the last few days.

This entry was posted on Friday, December 30th, 2005 at 6:20 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

11 Responses to “PAY Ascending Triangle”

By Anonymous on January 7th, 2006 at 2:11 am

DONT YOU LOOK SILLY

By JWU on January 7th, 2006 at 2:19 am

what are u talking about.. the stock went up

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