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Tuesday, January 8, 2008

AP: Ascending Triangle

Hmmm, this is kinda weird in my previous post AP: Symmetrical Triangle I'm seeing a symmetrical triangle. But, right now I'm seeing a beautiful ascending triangle. Nah, this just prove that pattern recognition is very subjective, it's an art! Hehehe.

Anyway, despite the market being down this issue seems to be doing alright. It's near its APEX now and this issue needs to decide whether to trend up or trend down or just consolidate.

If this breakout with a nice volume target price is @ 6.00

Ascending Triangle Pattern
AP Chart as of January 7, 2008
O-5.2 H-5.2 L-5.1 C-5.2