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Priceline On the Move

Hello Traders,
I was checking out some recent earning news and this chart jumped out at me. Looks like a nice inverted head and shoulders (bullish signal) has formed and new highs for Priceline.com is looking strong. Notice the 200 SMA is pushing up the price. The only concern comes at the psychological and resistance price area of 1300. The bulls seems to be testing the 1300 area, and if that is cleared I am looking for 1400 to as a target.
Happy Trading,
Jay Trader
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The Art of Technical Analysis and Charting

Hello Traders,
How many times have you heard this question. What is Technical Analysis? Well technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Ok what is this definition really saying? In plain English it is saying, the most important elem…
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