Another thing that worth mentioning today is ZLC performance. Historic backtesting (see my previous post) is just perfect: 4 trades and 4 wins with +12% profit. And, by the way, P&F chart which I like to check from time to time, shows that a new bullish pattern developed today:
Double Top Breakout on P&F chart. Bullish price objective $12.25.
Seems like ZLC finally broke a long term down trend and is ready to start recovery. Price around $7-$8 should be a reality check test for ZLC in the near term future.... although we are just interested in how all this going to help us tomorrow, on Thursday 1/13/2011
As I was saying before, P&F chart is not a solo tool that predicts everything. But if (for example) you check my post from yesterday when I pointed out a new bullish pattern on EEE chart, and today this opportunity translated into a very tangible and healthy +18% profit in 10 minutes of morning trading, why not to look at P&F chart again...today for ZLC
No comments:
Post a Comment