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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Watch the Eagle Swooping In

chessNwine Thu Oct 17, 2013 1:17pm EST 4 Comments

With high beta issues largely running rampant today, keep an eye on the heavily-shorted EGLE in the shipping space.

Note the falling channel on the daily chart, below. If price can plow back up through $7.72 today I suspect the squeeze would be on.

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EGLE

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4 comments

  1. John
    John
    October 17, 2013 at 2:01 pm

    Such a cool video too.

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  2. mike camp
    mike camp
    October 17, 2013 at 2:31 pm

    nice chart. it broke above the channel there on good volume too. why $7.72 cNw?

    thanks

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