Trend Line Extensions
Apr 7, 2012
“On Sunday night in my stock newsletter, I highlighted ESCL as a short selling candidate due to the rising channel the stock was trading in. This channel was easily seen on the chart. The lower trend line obviously connected the recent lows, but the upper trend line was different. Not only did it connect the recent highs, but it was an extension of the trend line which connected a series of lows back in late January.”