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Ascending Triangles - Gotta love 'em!

Started by basonista, March 02, 2006, 07:58:47 AM

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Deadb440

VWPT will definitely be interesting to watch because other than the chartpattern I don't see any confirmation signals to make it look attractive to me.  Great news & all but the market might just be saying"about time..."  BWTFDIK.... Cheers.  Hope she blows big and proves me wrong.  Dead

wrangler

Hi Deadb440
I bought this stock only because of how it is showing the muti-year breakout is beginning to happen. Today I got a little worried about it and was planning to sell tomorrow if it dropped below today's low buy i don't think that will happen now with the new's release that came out tonight but in case it doesn't I'll be keeping an eye on it tomorrow to cut my loses if it show's signs of it going down further.
Goodluck trading to all :)
wrangler

wrangler

VWPT : having a lot of pre-market trading below yesaterday's closing price but don't know what to make of it yet. Will be watching close at open.
Goodluck trading to all :)
wrangler

statement00

Calven- LMNX and APH both look good, great picks  ;)

UPDATE, It looks like STXN is breaking out today, it is a short term ascending triangle.


beroznikmal

#139
I have had ISV ever since the first pop 3/13.... Now it is forming another A. Triangle and I truly believe its ready to pop again... Volume have been healthy ever since the first pop and no indications of selling...  >:D

Input would be great...
Thanks
B
Up and down it goes, where it ends nobody knows....Or do we.....;)

wrangler

Hi beroznikmal
This could work two ways. As you can see it may pop over the current ascending triangle that is now formed or it could be forming a new ascending triangle. If tomorrows trading should fall below today's lowest price then I would sell because it shows signs of a pullback but if it goes above today's highest price then it shows signs of new highs and would hold.
Either way,it's a decision that only you can decide. It looks as though you have made some good gain already and with that in mind you could sell in case it does go down and then you don't lose any and if it goes up buy on the way up to ride it some more and that way you only lose a little between what you sold it for and what you now rebought it for and still don't lose any of the original gain.
Goodluck trading, Hope it goes good for you in whatever you decide to do
wrangler

beroznikmal

That is exactly how I was going to play it.... I really apprecite your advice.
BTW I sold SOFO at $1.96 yesturday... waiting for pull back...


Thanx
B
Up and down it goes, where it ends nobody knows....Or do we.....;)

wrangler

#142
Great play on SOFO  >:D >:D ;D
wrangler

wrangler

I was thinking of selling VWPT if it broke thru bottom of ascending triangle and so far it's trading above yesterday's close so will hold for now. It may be ready for another jump or working it's way back for top of triangle. As long as it stay's within ascending triangle I'll hold.
wrangler

calven

OPLK broke out of its ascending triangle today....


Another one I have had my eye on for a while... BRST - Started a thread in the penny stock section.

Heres the chart - opinions appreciated...
StockGravity.com - The Forces that Move Stocks!
http://www.stockgravity.com

Minimunch

I have four issues here in various stages of readines for a trade. First two that are ready to trade: ERS and HOLX. Then one that is allmost ready to trade: RHAT. And finally one worth having an eye on: FAST.

Please give me some feedback if I am reading those charts upside down or something :-)

/Minimunch

calven

Looks like some good setups. Any chance you could shrink your charts a little bit when you post them? Would help me follow a bit better. Applaud the work.. ERS is your best one!

cal  >:D
StockGravity.com - The Forces that Move Stocks!
http://www.stockgravity.com

Minimunch

Allrighty :-)
I will try a shrinking. Here comes one allmost ready for a trade, if it happens to work out...

/Minimunch

PS. How do you give out rating? I haven't been able to locate the 'applause' button.

thai626

Very Beautiful Ascending Triangle play!!

I just jumped in this morning.........we could see 5's soon!

Melf, I'm still waiting for you bud!  Please comment by private messaging me atleast.........it'll feel great to hear from you again.

Current Holdings:  ASTM, STV, SVA, NIHK.ob

wrangler

TFSM : just broke out above ascending triangle
wrangler