Wednesday, March 3, 2010

Quicksilver looking like a good buy

Got a nice little chart here for Quicksilver (ZQK); this has an asymmetrical triangle approaching its vertex thats signaling a break up.  Notice the breach of the upper support line where circled green.  I believe this can be ignored and viewed as being a false action based on the abnormal spike in volume at the time; just some over trading IMO.  Seems to have been performing pretty well lately earnings wise, it has beaten estimates the past 6 reports.  This is another justification as to why I believe this puppy is going to climb, their next earnings is 3/11(circled in yellow).  I'm putting a buy in for this as we speak, I will post the fill price tomorrow.

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