mariozig

mariozig

- Clear resistance - Support touches along hypotenuse - Two target prices if breakout

mariozig

- Weakish resistance - Target around $3 - Space for additional consolidation before breakout

mariozig

- Broke above resistance - Above 13 EMA - Enter trade around resistance and 13 EMA cross over area (also an entry point) - Gap to fill @ ~$26.75 - Consolidation period was pretty short

mariozig

- Ascending triangle - 3 touch on resistance - Additional resistance @ gap fill - Down moves have lower-ish ave volume - Consolidation period started with strong volume - Chopping through 13 EMA -- consistent w/ consolidation - Buy @ cross through ~$13.47 resistance w/ price above ema

mariozig

- Extremely strong resistance/support neckline around ~$.83 - Recovery ascending triangle (pos) after large descending triangle (neg) - Close to psychological $1 level - Energy sector as a whole is ready for upward movement

mariozig

- clear neckline - consolidation occurring - could be a larger symmetrical pattern if going back farther in time. -- still bullish if this pattern plays out -- it's a continuation pattern.

mariozig

- 3 touches on neckline - good consolidation within triangle - breakout around ~10.84 If breakout, exit trade on close below 13 ema