The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, May 11, 2007

NYX: Double Bottom or Preparing for the Next Leg Down??

Hey guys,

Check out the chart on NYX. If I am not mistaken the chart pattern looks like a double bottom formation. While it is not a perfect double bottom, the timing couldn't have been any better. With the EuroNext merger a done deal, one would expect that traders and investors are preparing to ride the hype and help the stock appreciate in value. Keep an eye on it as only time will tell.



NYX - 3 month chart





Doesn't look like the RS can get any worse, or does it??


















NYX - 1 year chart







1 Comments:

At 1:21 PM , Blogger Nick M. said...

5/21/07

Ok, so it is a double bottom folks. It is up almost 6% from where I called it. NYX makes a good long at the current price level.

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Enter your Email


Preview | Powered by FeedBlitz