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 We have an ascending triangle pattern and I think it is time to put it on a watch list. I am waiting for this to brake above 5.06 . As always I appreciate your comments and value your insights. Also - please post any triangle/breakout patterns that you are following. Happy Trading
 May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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Rank: Advanced Member
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The triangle is getting narrow and become less profitable if it doesn't break the $5.06 level. So I would buy it only if it breaks the $5.06 resistance.
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There is another chance it may decline below the support signals because the chart is bearish now.
We need a bullish day to confirm that the support line is continue to go.
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byMyway wrote:There is another chance it may decline below the support signals because the chart is bearish now.
We need a bullish day to confirm that the support line is continue to go.
byMyway, You are right that the chart does appear bearish as the price heads down to the lower support trend line. If the patterns continues, I am expecting the price to bounce off the lower support level. I will watch and wait for this to break above the 5.06 resistance with with volume. Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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We saw LNG bounce up near support. It remains to be seen if it will break out of resistance at 5.07  Here is another triangle I am watching. If it breaks above 18.47 with some volume -- I am in.  Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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Looks like today is the reversal day for this stock. To play safe, I will wait until it breaks the $5.07.
Part time trader
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dudu wrote:Looks like today is the reversal day for this stock. To play safe, I will wait until it breaks the $5.07. I agree -- breaking 5.07 is the key. Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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How about this one? The 2nd triangle is forming now and might breakout in a few days... 
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hikee wrote:How about this one? The 2nd triangle is forming now and might breakout in a few days... hikee, This chart looks promising. I noticed that the volume is starting to pick up. I will add this to my watch list. Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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likesmoney wrote:hikee wrote:How about this one?
The 2nd triangle is forming now and might breakout in a few days...
hikee, This chart looks promising. I noticed that the volume is starting to pick up. I will add this to my watch list. Happy Trading WRES was up 18% today - not expected so soon. Now it's just at the 2.00 resistance. If no bad news on it, I guess it'll breakout 2.00 next week and has another 20-30% gain potential.
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Nice jump WRES, up 30% today! i'd like to introduce another triangle since it's highly profitable HGRD It had a huge jump last week, and a symmetric triangle is forming... 
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Triangles really work well. This triangle is smaller, hopefully it works just as well.
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vivian wrote:Triangles really work well. This triangle is smaller, hopefully it works just as well. i think the triangle pattern is to steep to be considered a triangle, however i do believe it is in the process of developing a triangle. 
Hope This Helps And Don't Forget To Have A Fantastic Day.
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 Here is a pattern that I am following. I am waiting for this to break above 12.27 Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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thanks
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Sorry guys but how do you get all these nice pattern?
How do you find always the right one???
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I ran across this set up. We see HOGS had a big day on Monday and it crossed up through the 200 MA. It consolidated for the rest of the week testing resistance at 10.28 Accumulation/Distribution is up trending. --- could see a break above resistance this week.  
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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hitmaster wrote:Sorry guys but how do you get all these nice pattern?
How do you find always the right one??? hitmaster, Finding these patterns is not something that I necessarily screen for. I simply look at a lot of charts. Sorry that I am not more helpful on this. I will give this more thought and see if there is something that seems to turn up more of these patterns and I will gladly post about it. Happy Trading
May We All Make More $$$ Faster Likesmoney http://likesmoney.comxa.com/
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