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For today's chart we've chosen to take a look at INTL because it has been trading within an interesting symmetrical triangle pattern since July 2005. As you can see from the chart below, the converging trendlines have acted as levels of support and resistance in the past and traders will now watch closely to see which of these barriers will be breached first. A break above $22.50 will likely be used by the bulls as a signal of a move higher while the bears will wait for a move below $20.50 to signal a further move lower. The year of 2006 was a period of consolidation for INTL and it will be really interesting to see what happens in 2007.


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