Saturday, 7 July 2007

Calling for a Hero

Our latest find is one that I really like as it involves my favorite pattern: a flag or a pennant.

IPVG is the latest to enter the Call Center fray. Regardless of what business it entered, we see that the movement is quite exciting. It has a 2 day pole that is quite substantial. I expect the resistance of IPVG to be at 9.50 for July 9. I also expect that this is when prices should breakout. I would call a buy at 9.60 as the pole is giving me a target of 11.25. The cut loss is set at 9.20.

For those who love flags and pennants, this one could be your next baby.

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