Monday, January 11, 2010

PAL - intraday breakout update

As anticipated yesterday, PAL broke out today once it crossed 4.20. It is consolidating right now around 4.35. Nice symmetrical triangle forming on declining volume. Still time to get in IMO. Look out for signs of sector weakness though I doubt if they will matter.

I, unfortunately, did not play it too well but am back in it. This is a subject best left for another post at the end of the day though. Good Luck! Let me know if this worked for you!!