Posted by: rp on the 9th of Jan 2012 at 12:27 pm
with it being such a slow day in the market, i’m combing thru all my recent alerts and here’s one of the many set-ups that i never posted, nor took because the volume was lacking on the day it broke-out. however, price-wise, the action has been bullish, with CTFO making a perfect re-test of this primary downtrend line shortly after breaking out and then continuing to move higher. lots potential gains before my first target is hit but again, make sure to use stops if you take it since the volume is suspect on this one. 2-day chart below with notes.
