This is what the japanese call SAN-KU, or in english three gaps. This is a bearish setup in an uptrend.
Along the san-ku, we also have an island reverseal pattern, which is a very powerful reverseal pattern.
Weekly chart looks really bearish.
All notes on the chart.
IMO the uptrend is over and it is time for a correction or a consolidation ( probably a correction beacause of the powerfull bearish patterns outlined)
Comments
vlad.adrian
⋅
we had no correction, but we had quite a long consolidation, which i said it is probable too. This means that the stock is very strong, only consolidating after such a rally. I am going to look for longs starting today 27.12.2013