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Nitches Inc. Message Board

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  • daviebri daviebri Mar 4, 2006 9:28 PM Flag

    Rising wedge will continue to 13

    this is what NICH is tracing out. "Bearish" rising wedge usually occurs near a top after the stock has been trending higher for quite some time. On the other hand, when a rising wedge occurs near recent breakout, (as in the case of NICH) this is bullish. NICH does fit the pattern, no rule as to time-frame. For other stocks which recently completed same pattern and broke out to the upside, check out CSCO and LAF, you'll see the same tight rising wedge...