Possible ascending triangle on the weekly chart. See chart for comments.
Double bottom forming if the SP can close between .050 and .053 then reverse to up-trend. If there is an up-trend from .050 -.053 then we can expect a decent run up.
Up-trending on the weekly pretty nicely, sitting on solid horizontal and diagonal support which equals a tight SL. Looking for entry around .03/.031 for a good entry point.
Possible continuing up-trending channel on the weekly chart. See chart for comments.
Possible continuation of the long term ascending triangle plus a gap fill on the weekly chart. See chart for comments.
Possible bounce off solid support on the weekly chart. See chart for comments.
Possible ascending triangle on the weekly chart. See chart for comments.
- Weekly chart. - Preferred entry .42 with a SL at .39 for a 7% risk. - Possible saucer pattern longer term.
- Nice solid break of resistance (however, a two candle break would be more confirmation). - If can grab an entry at .125, a SL at .115 is low risk. - If entered I cant really see the next solid resistance so it would be a momentum trade (increase the SL higher and higher until a change of trend direction). - Positive market reaction to the annual report. - Good...