CHNG.OB Finally Coming off its Bottom? I’ll Bet on It
November 30th, 2007 by Cameron FousCHNG whipsawed me around a few weeks ago forcing me to close out of a losing position. That tends to happen a lot when you try to buy a stock on an absolute bottom. A much smarter, safer, and more reliable way to make a swing trade on a bottoming stock is to wait for a consolidation pattern follow by a breakout in price action to a higher high as we witnessed here with CHNG today. I really like the chart pattern forming here and think this could be the bottom for CHNG and a higher rally to follow. I’m willing to bet a smaller position for now on this breakout as i bought towards the close @8.40



