Ron-V

Trading isn't so easy is it?

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NYSE:ACB   None
As others have pointed out (check out Barkworth), the H&S pattern is complete, yet we also see a bull-flag, and a possible C&H pattern. So who's right, and what are the targets, and where will it go? Well at this point your guess is as good as mine, but there are 1 of 3 scenarios that are most likely to play out here. The H&S plays out and it temporarily goes south to about 5.15 (what a great sale). The C&H plays out and it goes up to about 9.04. It's just a simple bull-flag and it breaks up to about 8.05. Or how about all the targets are way off and every pattern mentioned fails. So the question arises "how do I play it?" Well you don't yet...watch the volume, the direction, and wait for confirmation. It will tell you what it's going to do when it's ready. Happy trading and good luck!

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