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Thursday, September 2, 2010

EZCH

EZCH built a somewhat unusual pattern back in April-May, a short but deep cup and handle with a breakout point at the bottom horizontal line, well under the preious high, which became a pivot point. If you go up equal distance from the pivot point, yoou come to what became the breakout point of another, shorter pattern. Price relative hit a new high on the previous breakout, sgnalling that this was a stock with some major strength, and during the last little pattern, it stayed pretty flat. CMF is indicating this is undergoing some serious accumulation. This may be one to watch for a while.

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