Today’s Breakouts & Breakdowns
Posted on September 11, 2008 at 21:45 PM EDT
Republic Airways (RJET) broke out on one of my favorite patterns where the white candle slightly exceeds the high of the previous white candle. RJET broke out from $11 resistance, but on lower volume. Also notice that RJET is forming a higher low, a bullish sign. The further decline in oil will fuel this one [...]