Tiffany (TIF) was a huge momentum runner through 2010 and 2011 until it peaked in July and rolled over alongside the rest of the market.
Taking a look at the Tiffany stock chart for just this year there are several very common patterns present which, with even a moderately trained eye, could have been identified and played by investors. They are the Head & Shoulders, Inverse Head & Shoulders, and the Rising Wedge.
Technical analysis is not difficult, it just takes practice!
Earlier this week I highlighted how technical analysis broke down the rise and fall of Gold, and hopefully this example with Tiffany will serve as a good example of some of the more basic technical patterns.
As usual, if you have any questions feel free to leave a comment and I will be happy to assist.
Yeah, stock pattern can be a solution for high gain trading because it offers the target price information.
Technical analysis ftw (for the win).