We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Skyworks Solutions Inc. (SWKS).
This week let's take a look at SWKS which is an absolutely beautiful chart,as the price and volume action is all classic.
SWKS made a double bottom and then traded sideways since the middle of December in a Triangle chart pattern.
Today's action looks to be a break away gap.
Break away gap's are one of the most powerful signs there is, that a stock has made a bottom and will head sharply higher. Continue reading "Chart to Watch - SWKS"
