PHG. Kilroy (head-and-shoulders) bottom

Posted on Jan 27, 2009 by in Letters

If you’re looking for  stocks to buy (and that is not a bad hedging strategy at present) here is a classical bottom in PHG (Phillips).   In addition there was a speculative buy signal today.  The more conservative  will wait for it to clear the fence line (neck line) but the pattern is really nearly perfect.

2 Responses to “PHG. Kilroy (head-and-shoulders) bottom”

  1. jrichardson618@gmail.com

    27. Jan, 2009

    Not a comment but a question. What was the speculative buy signal in this security?

    Thanks

    Jeff Richardson

  2. WHC Bassetti

    30. Jan, 2009

    The gap before the last day on the chart, and the strong bar after the gap.

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