Shanda Games Ltd. (GAME) Video Chart for Friday, December 21, 2012

December 21, 2012

Moving off a bottom at $2.71, GAME just made a chart pattern known as the “Rising Three Method.” This continuation pattern is characterized by a climb followed by a consolidation within the body of the previous candle, followed by a rise to a new high. Although the chart is signaling that the reversal is strengthening off the bottom, the stock faces a tough resistance point at current levels of $3.17.

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