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.
PHG. Kilroy (head-and-shoulders) bottom
- Post author:WHC Bassetti
- Post published:January 27, 2009
- Post category:Letters
- Post comments:2 Comments
This Post Has 2 Comments
Not a comment but a question. What was the speculative buy signal in this security?
The gap before the last day on the chart, and the strong bar after the gap.