I'm seeing this pattern (unfortunately, as I hold and hope) as more a rising wedge as opposed to an ascending triangle. With wedges the border lines both move in the same direction (in this instance, upward) whereas ascending triangles have a horizontal upper trend line with an ascending bottom trend line.
Rising wedges are usually a bearish formation. Keep an eye on those stops.
http://www.decisionpoint.com/TAcourse/Wedge.html
psst woddonnee.....if they ask you...., page-7
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27.5¢ |
Change
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Mkt cap ! $592.6M | |||
| Open | High | Low | Value | Volume |
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