Alliance Tuna International. From June of 2007 till mid January of 2008, TUNA had been on a down trend. It's been the opposite ever since and is currently consolidating after its recent high of 2.16 achieved last March 5. A look at the chart shows that it's been forming a bullish inverted head and shoulder pattern. Buy when it breaks out of the neckline (see red horizontal line) coupled with a sharp burst in trading activity. Before it does so, it needs to break its major resistance line as shown by the blue diagonal line. If it does, it would affirm the bullish sentiment for this stock.Saturday, April 5, 2008
Tuned In For TUNA
Alliance Tuna International. From June of 2007 till mid January of 2008, TUNA had been on a down trend. It's been the opposite ever since and is currently consolidating after its recent high of 2.16 achieved last March 5. A look at the chart shows that it's been forming a bullish inverted head and shoulder pattern. Buy when it breaks out of the neckline (see red horizontal line) coupled with a sharp burst in trading activity. Before it does so, it needs to break its major resistance line as shown by the blue diagonal line. If it does, it would affirm the bullish sentiment for this stock.
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