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A bit slow today, got distracted on sumting else, akan datang....
Wonder when is the firing will takes place...can see some positive signs..ready......... aim..........????
hmmm. even if it is indeed an inverted cup and handle formation, current prices are supposed to be at the floor.
therefore, i see some space for upward movement
Spent a lot of bullets on this, fired also a few cannon shots. Should get some good bucks for bang..
I start buying.
tact888 ( Date: 12-May-2010 15:25) Posted:
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The giant dome structure has transformed into a potential giant inverted cup and handle formation. A breakdown below the blue support zone confirms this bearish pattern and will probably result in a fall towards the orange dotted support line. Further weakness may see a retest of the green dotted support band.
Take note that there may be formation of multiple handles if bullish buying support defends the blue major support zone of this potential inverted cup and handle pattern.
View chart at http://tactcharts.blogspot.com/2010/05/yanlord-potential-inverted-cup-and.html