Wednesday, 11 May 2011

Financials - Chart patterns still intact

I felt like a school kid waiting for my exam results, especially when it comes to waiting for the bank stocks to move. Chart patterns for FAS is intact while BAC held its $12 support on Tuesday. GS has a bullish engulfment candlestick pattern on its chart. While the overall market sentiment is already up huge over the past few months, the Financial sector is probably just waiting for its ferry at the harbour... and i thought i saw the ferry coming from a distance through the fog?




No comments:

Post a Comment