Exuberant buying into the current top at $52.87. No sell signal as of yet.
Current high is a 1.414 fib level. Possible 5 waves up into current high.
Buckle announced a special dividend on Tuesday afternoon. Exuberant buying caused a gap up at the open into the $52.87 high. Early profit taking created some pullback in price and a shooting star candle pattern. Watch to see whether we get a pullback or not.
Wednesday, December 13, 2006
BKE Analysis for 12.13.2006
Posted by TraderZ at 12/13/2006 06:34:00 PM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment