I would wait for this downward trend to finish before buying. The partial decline at the end of October led to it piercing the top trend line of the pattern but then the throwback occurred. If the trend changes and starts back upwards, the movement should be a strong one and you'll want to buy. thepatternsite.com
Ladies and gentlemen, I recommend you the idea of the pair trade: it is long position in the company CLB (Core Laboratories NV) and short position in the company GLF (Gulfmark Offshore, Inc.). Stocks of the company CLB are stronger than GLF since 2004. Now we have a good impuls/momentum in this papers (CLB vs GLF). I think that next 2 months stocks of the...