Goodpack’s chart show a Rising Wedge formation and maybe an Ascending Triangle formation. At the current chart pattern, Goodpack may be coming down to test the wedge support at about at $1.50 to $1.55 level, somewhere near 78.6% FR level. Punching below the 20D MA support is the 1st signal. Next immeidate support is 50D MA.
Goodpack:Forming a Wedge
- Post author:Marubozu
- Post published:July 4, 2010
- Post category:Goodpack
- Post comments:0 Comments