*Wanna get a wedgie? No, not that kind of wedgie. I mean a stock that has formed a wedgie, like the 10 charts presented below.*If/when silver and gold break to the upside this week, a whole lot of these choices should break out of their wedgies and do pretty well for their owners. A wedge usually is formed because there is a battle going on between buyers and sellers. They conclude when price breaks up or down, with one side claiming victory and the other side running in defeat. A wedge can be an ideal pattern to trade, once you know which way it is going to break, that is.*At the present moment, both gold and silver futures are in wedges on the one hour chart. These wedges do not go on forever. At some point before they conclude, a breakout occurs. *With no further comment, here are 10 stocks in alphabetical order that have formed a wedge on the True Strength Index (TSI) indicator of their DAILY chart. I personally prefer those wedges that if/when broken to the upside will occur with the TSI ABOVE ZERO. Secondly, I would prefer to see that the Money Flow Index (MFI) indicator is rising.*I'll have my eye on these this week. Maybe you will find an interesting one to watch/trade as well. *Click on any chart to ENLARGE.*
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