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CBCL forming a bullish ascending triangle with MACD, RSI, scho poin   Message List  
Reply | Forward Message #15642 of 15654 |
Here is the image of the detailed graph:
notice that it is forming a potential bullish ascending triangle on the 15
minute 30 day chart, making higher lows, and RSI, schocastics, and MACD are all
pointing up.

http://i109.photobucket.com/albums/n78/fatcatbigshot/here.png
and the pattern it looks like its forming:
The ascending triangle is a bullish formation that usually forms during an
uptrend as a continuation pattern. There are instances when ascending triangles
form as reversal patterns at the end of a downtrend, but they are typically
continuation patterns. Regardless of where they form, ascending triangles are
bullish patterns that indicate accumulation.
and here is the example graph:
http://www.stockcharts.com/education/chartanalysis/images/asctri-conti-wag.png


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Fri Aug 4, 2006 3:38 am

marktheghost
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Here is the image of the detailed graph: notice that it is forming a potential bullish ascending triangle on the 15 minute 30 day chart, making higher lows,...
Mark Jamison
marktheghost
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Aug 4, 2006
12:01 pm
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