JOYG, completes the wedge

20 Nov2009
By

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JOYG, already completed this wedge, I’ve looked at the eps and unless they can drum up some more business in 2010, they are not likely to climb higher than $59 in 2010.
2009 eps is 4.21, 2010 eps 2.64, revenues are taking a 20% hit next year–
JOYG could see $68 this year, just have to wait and see
$85 last year high – 20% revenues = $68


FTO, note to self, this is probably the last time I ever see FTO at $12—
If I’m just now realizing this, that means 100′s of millions of $$$, are also realizing this.
So the next price channel is probably $14 to $17, for awhile, after it gets there. ( maybe in DEC, or JAN.)

Category: Chart Patterns
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  • neoken

    Hi Z, I think the wedge is called “half staff”, some kind of bull flags.

    Bulkowski’s site is a very good resource on patterns:
    http://thepatternsite.com/flags.html

  • http://retracementlevels.zstock7.com/ zstock

    Thanks, NEO–
    I found it–it's a High and Tight Flag pattern.
    I posted an example! MOS from the link you gave me, Thanks!

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