Ascending Triangles - Gotta love 'em!

[wrangler]

Hi sebfr
Really like chart on CMOS. I'll be watching it for when it makes breakout of the triangle.
Have a great weekend

[sebfr]

IMMR -> ascending triangle breakout on high volume...

[sebfr]

Thank you wrangler, we will see for CMOS 

Another ascending triangle breakout -> MOBI

[wrangler]

Great ascending triangles sebfr. I really like the volume IMMR had and it ended at high of the day which usually means that the next day it will continue to climb and with volume between 3 and 4 X the usually daily average volume, it shows investors are interested in this stock. In my opinoin this stock will make a good play for a breakout. If Monday's opening can start where above breakout line is and continue for one hour going higher with no pullback and continue all day with minor pullback's but still end at the high for that day also with same amount of volume or more then I would say a major breakout is happening.

CMOS I'm leaning on it is making a new uptrend. The trend is you're friend. I'll be watching all these.

[wrangler]

Hi sebfr
Here's one for you to watch. What do you think
IINT

[sebfr]

Hi Wrangler...

Dificult to say for IINT...

Comments :
1. IINT is in a major downtrend...
2. We can see a pullback.
3. 2.72 is a good resistance and it is at 62% retracement (an important fibonacci ratio)
4. A spining top is appeared -> indecision.
5. Volume is more and more low near resistance
6. A trading range could begin with an ascending triangle pattern
7. News are not great -> "Total revenue for the first quarter of fiscal 2007 was $27.8 million, compared to $33.6 million in the same quarter last year and $31.9 million in the prior quarter." "Revenue from software license fees totaled $2.6 million, compared to $6.6 million in the same period a year ago and $5.1 million in the prior quarter." " BUT new service (expectation) "the Quick Start service, a new offering designed to help clients facilitate more rapid implementations and deliver faster return on investment (ROI) for Indus software solutions." News don't help us really...

Strategy :
1. SELL Or BUY the breakout of ascending triangle...2.75 is a good level for buying entry and 2.35 is a good entry for short positions.

No options available for iint -> damage ! We could play options startegy based on volatility..

[sebfr]

RSH...

[sebfr]

BBH...

[sebfr]

BRCD...

[wrangler]

Hi sebfr
Sorry I'm not able to keep up with you're thread. I tried to send reply last night and the system I'm using is not a good one. Since I'm in the middle of having house built and had to move from the other house I don't have broadband now I'm using my cell phone with mobile web to use my laptop and it's slower than regular dial-up modem and it goes dormant a lot and have to reconnect.
I like you're triangles a lot ,,keep them comming and like you're TA on them
Goodluck trading

[wrangler]

EXFO : I like more volume when picking a stock but here is a great ascending triangle breakout

[wrangler]

Not trying to change thread but wanted to post this one for trend follower's. buy on low and sell on the high using stop loss as shown in chart and redraw trend line at each buy and sell to re-enter you're strategy again

EK

[sebfr]

Good strategy...

[sebfr]

INTC -> pullback after ascending triangle breakout

[wrangler]

EMC : breaking out of an ascending triangle