Sentences with phrase «betting on a breakout»
After waiting for PSMT to form a wedge pattern, I initiated a long position, betting on a breakout.
http://www.scottsinvestments.com/ Not exact matches
IBM is set to report earnings after the bell Tuesday, and some traders are betting the stock could be poised for a breakout on the results.
When a head and shoulders pattern fails, the breakout to the upside is usually explosive because the bears who were betting on a move lower become forced to cover their short positions.
Such moments as a breakout of pink eye, an argument with a club doorman, a fantasy baseball gathering, a bet involving the growing of a beard and the ridicule the man must endure to keep it, and an upstart website that Ben and his stoner friends have been diligently working on all add terrific comedic moments.
However, as both the inside bar and the bar before it was bearish, traders were unlikely to bet on a bullish breakout.
This has all the makings of a significant breakout and, considering the technicals and fundamentals, I'd bet that would be on the upside.