I tend to agree.
Price is up on the last month, so I already have this as a candidate for a short-term long. But we have a (gently) ascending triangle that would usually point towards a long opportunity as price breaks out to the upside above say 0.74. For a classic swing trader, this is a potential buy as early as Monday, e.g. if Thursday's low holds but its high is breached.
PS - I'm never very convinced by very very long-term trendlines but there is an ascending trend line from 2001's low through 2008's. The ascending triangle straddles this line suggesting it has some significance.
Price is up on the last month, so I already have this as a candidate for a short-term long. But we have a (gently) ascending triangle that would usually point towards a long opportunity as price breaks out to the upside above say 0.74. For a classic swing trader, this is a potential buy as early as Monday, e.g. if Thursday's low holds but its high is breached.
PS - I'm never very convinced by very very long-term trendlines but there is an ascending trend line from 2001's low through 2008's. The ascending triangle straddles this line suggesting it has some significance.
