Been watching this chart since the initial breakout from the 27/7/15 which was previously its last spike from 05/01/15 but this time the volume was a lot higher. Has formed a delicious formation at the moment (bullish ascending triangle formation) This formation is the most bullish out of all the flags, pennants and wedges.. REASON.. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as a continuation pattern in an up-trend but is a strong reversal signal when witnessed in a down-trend .. Also of note the volume has decreased in the formation which is a good indication of the pattern to play out.. All we need is the break-out volume to rapidly increase for a buy signal ..
My ST target is 4c++
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SXT--technical breakout looming
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