A Stock People Love to Hate is Working on a Decade-Plus Break-out
The pattern on the stock below is one of the more compelling we’ve seen in a very long time. It’s a bullish ascending triangle pattern and has formed for over a decade, going back to 2001. If one compares it…
Another Industry Set to Out-Perform the Broader Market?
Another relative performance-based post. The chart below highlights the ratio of the DJ Leisure Goods Index vs SPX and its attempt to break out from a decade-plus descending triangle pattern. Though such patterns are typically bearish, I’m inclined to believe…...