LFC Stock Market Chart
By Johns Wu on Jan 24, 2007
LFC, China Life Insurance Co. Ltd, showed up on my symmetrical triangle stock market charts scan.
A lot of people have been taking profit from the massive runup. However, LFC is a strong momentum stock, so a lot of people have been buying at the supports as well.
The best way to trade a symmetrical triangle stock chart setup is to wait for the breakout or breakdown, and buy/sell accordingly. Also, I wanted to mention that my friend has started a stock forum for India investors, so check that out if you are interested.
This entry was posted on Wednesday, January 24th, 2007 at 11:50 pm and is filed under Annotated Analysis.
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you are dead right — playing SYM triangs pre breakout is risky — wait for genuine acne.
DJ