Thought it would be a good idea to start a thread where the chartists on this thread analyze a stock with each of their different methods. A good chart to start with is IDL.
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I've had this chart on my watch list since July, looking for a congestion pattern to form so I could buy. Unfortunately the congestion pattern has gone on for too long now, where now it might be taking the character of a topping pattern. Its movement since September perplexes me, it rallied hard and now has been pretty much unresponsive to the broader market movements. Support of 42c was broken yesterday (only by a little) and buying came straight in. My VSA system showed a buy today, however I'm still not convinced. My analysis nonetheless is that given the support shown in yesterdays dip prices shouldn't go lower, I would enter a buy on the break of the rectangle.
I would enter a buy on the break of the rectangle at 45c and a stop at 41c.
Hopefully some discussion gets going and we can all learn a thing or two