Saturday, October 3, 2009

JJ03 Play: Box Step. BPOP chart.

Hello and welcome to my blog.

This is not a recommendation to buy or sell any of the stocks discussed on this blog. Due diligence is your responsibility. If you need professional investment advice then find a professional.

I was scrolling the charts and BPOP caught my eye. It has a nice symmetry to it. Anyways, it illustrates the idea of box bottoms stepping down and box bottoms stepping up. It also shows the importance of waiting for the SLOPE and MA to confirm the signals.

Just a nice looking chart and no one knows how it will perform in the future. It will be interesting to watch what happens with the relationship between the closest orange box bottom and price. Stay tuned.

Thank you for your time.


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