lemonsandshade

Sears - price action shows channel wants to break out

OTC:SHLDQ   SEARS HOLDINGS CORP
Looking at Sears it appears price is moving in a channel. Seeing some nice green wick candles indicates to me that buyers are stepping in.
Could see another drop towards the bottom of the channel, otherwise it could be a good high probability setup to wait for impulse above the channel, then correction ( bull flag ), and then continuation above the price for bullish setup.