Jan 22, 2013 -
BEL, Stock Analysis
No Comments
BEL, Stock Analysis
No Comments Symmetrical Triangle on BEL?
BEL has been quite for a while but upward trend is still intact. Looks like it has been in consolidation mode as it formed a Symmetrical Triangle. Question is: are we done with this phase? Is it ripe to continue moving up or a reversal will be seen soon? Even though a continuation pattern is supposed to breakout in the direction of the general trend, this is not always the case.
Caveat!
