How would you interpret this chart?

dealer911

Well-known member
436 24
Bullish ! - Broke out of it's range in good volume - consolodating now until the next leg up - I would probably wait for a re-test of the 66 level before going long
 

momothebored

Active member
139 1
Bullish ! - Broke out of it's range in good volume - consolodating now until the next leg up - I would probably wait for a re-test of the 66 level before going long

Does it look like a breakout is imminent?

For what it's worth, I don't cover this stock, but analysts that do expect a further round of surprises. Vested from $0.53.
 

ducati998

Experienced member
1,193 68
Would you consider that a bullish continuation pattern (something like a disfigured triangle) being formed?
IF it is, then shouldn't there be a breakout the next 1-3 days?

The chart is bullish by definition. In any individual case that means nothing. In a sample of 1000 or more, statistically you would expect to make money going long. That of course does not mean that every chart continues higher.

To make money requires that you also apply some money management rules to that statistical probability.

You are asking the wrong question.

jog on
duc
 
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thentic

Newbie
3 0
A bit dizzy. Upward trend.
 

FringFX

Active member
244 6
Would you consider that a bullish continuation pattern (something like a disfigured triangle) being formed?
IF it is, then shouldn't there be a breakout the next 1-3 days?
why should a breakout happen in the next 1-3 days? breakouts can happen any time.
 
 
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