Tuesday, 10 July 2012

Whole Sale Food Market (WFM)

Possible Long:

Whole Sale Food Market (WFM) is in an UP Trend .

I have highlighted this chart as the current price action has formed a PENNANT Pattern which may indicate that further price increases are possible.

If price breaks out above the upper trend line then this would validate a LONG BUY position based on a breakout from the pennant.

I have this on my watch list

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