« Semis Trying to Firm | Main | Nasdaq Consolidates Near Resistance »
March 23, 2006
Inverted Hammers for HHH
The Internet HOLDRS (HHH) formed inverted hammers on Monday and Tuesday. A small white candlestick formed on Wednesday and the stock actually showed some relative strength. The stock is clearly oversold and firming, but not showing enough strength to forge a reversal yet. Traders should watch for a break above 58 to confirm the inverted hammers and stoke the Nasdaq bulls.
Posted by Arthur B. Hill at March 23, 2006 09:31 AM