Best channeling stocks

Discussion in 'Technical Analysis' started by Pekelo, Oct 19, 2006.

  1. Pekelo


    I don't trade stocks, but according to the TV ads, if you find a few good channeling stocks, you can retire early. :)

    Seriously, let's make a thread about decent channeling stocks, so traders don't have to do such a thing as research and development.

    My favorite is GSK. It doesn't have a very wide channel, but very reliable. In the first 3 months of the year it was 52-54$ then it moved higher by a notch and in the last 6 (!!!) months the range has been 54-56$.

    I counted 10 zig-zags between 54-56 thus it is 20$ gain on a 55$ stock, in half a year. Not bad return. My guess is that it is ready to move one notch higher and channel there...Again, the range isn't wide, but in case it breaks out of the range, the surprize isn't big either...

    If you know other channeling stocks, feel free to post them...
  2. Pekelo


    Oh yeah, the chart:
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