Leapfrog Scores the Chart of the Day (LF)
Leapfrog Enterprises Inc. (NYSE: LF) has made it as the chart review of the day with more expected upside ahead on top of recent gains. In candlestick charting, this is based on the The Fry Pan Bottom/J hook pattern combination. …
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Leapfrog Enterprises Inc. (NYSE: LF) has made it as the chart review of the day with more expected upside ahead on top of recent gains. In candlestick charting, this is based on the The Fry Pan Bottom/J hook pattern combination. Our technical analysis partner is Candlestick Forum and you may gain immediate access to training videos and more chart analysis similar to this and after the successful IBM call from early this week.
Today’s chart analysis noted, “The Fry Pan Bottom/J hook pattern combination is a high probability trade set up. The Fry pan bottom, a slow rounding bottom action made up of indecisive candlestick signals will have a result of a strong uptrend. The prerequisite for a J hook pattern is a strong uptrend, followed by an indecisive pullback. The next uptrend coming out of a J hook pattern is usually equivalent to the initial strong uptrend.”
After closing at $7.49, the 52-week trading range is $2.57 to $7.90.
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
