ECGI
I;m not sure why ECGI broke out today (or why it got high volume on Friday, for that matter), but this is a pretty bullish chart. It actually qualifies as an O'Neil high tight flag, although O'Neil wouldn't go near a low price stocks like this. Notice how it stayed in the upper half of the range between pivot points for the most part, and although CMF is negative, that can easily be skewed by low volume, and this thing trades on vapors. Price relative stayed decently high, and ATR did a dive just before the breakout. This one could easily double from here.






0 comments:
Post a Comment