ICE Forms Triangular Pattern
Posted on Wed 27th Dec, 2006 04:20:08 PM
Triangular pattern forming alongside daily volume decreasing for Intercontinentalexchange (ICE). This is either bearish or bullish. An accumulation day move up to $110 could signal a buy, and on the contrary a close below $103 on heavier volume would most likely signal a sell. The industry group overall is stabilized, and currently is trading in a range after getting support at its 50 DMA.
