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Call me an optimist but haven't we just completed the handle of a classic 'cup and handle' pattern?http://stockcharts.com/h-sc/ui?c=lufk,uu[l,a]daclyyay[db][pb50!b200!f][vc60][iut!uf!ua12,26,9]The volume even perked up a little as we moved up today. Even today's candle is saying there are more buyers than sellers.Tomorrow should be interesting.
from what i understand not till it takes out 69.8 but chart sure is setting up nicely
You're absolutely right - $69 is the 'buy point' for this cup and handle ASSUMING we move through that point with high volume .Also, based on candle theory AmericanBullshttp://www.americanbulls.com/StockPage.asp?CompanyTicker=LUFK&MarketTicker=NASD&TYP=Sis saying LUFK is a BUY CONFIRMED.
You're absolutely right - $69 is the 'buy point' for this cup and handle ASSUMING we move through that point with high volume .Also, based on candle theory, AmericanBulls is saying LUFK is rated BUY CONFIRMED.
Doesn't matter for me. I got impatient and bought anyway! LOL A nice high volume charge to 69 would complete it it my mind.
That's OK. You got it for $65 instead of $69. That just shows you're a value investor and not an IBD CANSLIM trader. LOL. You'll make more money in the long run. Good luck!