Expedia, IBM Show Buy Triggers

Sometimes, when you look at a daily chart only for technical analysis work, you really miss what the bigger-picture view has to offer. If I don't see what I need to see for a trade setup on the daily chart, I will often take a look at the weekly and find some rather interesting bigger picture setups that way. This was the case recently in both Expedia (EXPE) and IBM (IBM) . Let's start with the weekly chart of EXPE.

One of the first things I noticed when I looked at the weekly chart of EXPE was that the most recent decline looked very similar to quite a few prior declines within a bigger picture uptrend. I have labeled some of these swings on the chart below. You can see the ones illustrated were between $20.25 and $23.70, which are very similar....511 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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