Technical Analysis of Financial Markets
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2006
(71)
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June
(13)
- Dow Jones - Inverse Head & Shoulders
- Apple Computer, Inc. (AAPL) - Adam & Eve Double Bo...
- Insteel Industries, Inc. (IIIN) - Inverse Head & S...
- Dell Inc. (DELL) - Possible Double Bottom
- Dow Jones - A Setup Rally ?
- FTSE 100: End of Bull-Market 20/03/2003 to 13/06/2...
- 10% Correction ?
- Hansen Natural Corp. (HANS) - Descending Triangle ...
- Dupont Co. (DD) - Head & Shoulders ?
- Dow Jones - Bear Hug
- Take-Two Interactive Software, Inc (TTWO)
- Peregrine Pharmaceuticals, Inc (PPHM) - Bullish Sy...
- NutriSystem, Inc (NTRI) - Diamond Top ?
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June
(13)
Friday, June 09, 2006
Hansen Natural Corp. (HANS) - Descending Triangle Breakdown ?
It looks as if HANS is showing showing signs of a pullback; it seems that a Descending Triangle formation has completed. The base of the triangle which had been providing support at $170 should now serve as resistance and a good short entry point. Immediate support is currently at around $155 where a previous gap has been filled meeting with the 50-day moving average and 38.2% Fibonacci retracement level of a parabolic uptrend that began in February. OBV is confirming the breakdown; however, volume lacks conviction.
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