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 Valeant Pharmaceuticals International, Inc. (VRX).
I hope you are having a GREAT week !
VRX is on a monthly green MarketClub Trade Triangle and has been an extremely strong stock which suggests there is a good chance this stock will continue higher in the long run.
No matter how strong a stock is there will always be counter trend corrections along the way to higher prices and VRX has started a counter trend correction as shown by the weekly red MarketClub Trade Triangle. Continue reading "Chart to Watch - VRX"
