Tuesday, October 25, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,862 Blog Posts

Check Out The Tightness Here


Courtesy of the idea machine inside the 12631 chat room, I have been noticing more and more tight chart patterns. I want to start with HPQ to specifically point to the flattish triangle, which you can see as price tightens while bumping up against well-defined resistance. Instead of becoming loose and sloppier as it fights against resistance, price seems to be getting more and more coiled. I interpret this as a sign to be on watch for a bullish breakout. This also jives with the theme of “value” stocks like mega-cap old-tech titan HPQ being more in favor going forward than “growth” momentum names like CRM.

Hat Tip to 12631 members: “Abhadauria,” “Earl,” and “Mockingjay” aka “spoiledsquid” in the iBC Blogger Network. 





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  1. sg

    Really tight. Love it.

  2. ppearlman

    wow. $HPQ looks great here.

  3. Dave

    you never disappoint, Chess.