MEL 0.00% 0.5¢ metgasco ltd

bullish chart, page-15

  1. 718 Posts.
    jilriches:

    quite a few people have posted this chart with similar stuff, but here it is again.

    Ascending triangle formation. Optimum breakout point of these (or so I have read) is 3/4 along to the Apex of the triangle. This is 2 Fridays from this Friday (22nd). A break of 60 would offer a target of 94, as you can see on the chart. Im looking to buy if it touches the lower line at 47-49 OR I shall have a rising buy set for 62 if it breaks.

    Photobucket
 
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