breakout of consolidation

Classic breakout from symmetrical triangle formation today.

Symmetrical Triangle: When the upper and lower trendlines converge at roughly the same angle - tick.

Symmetrical Triangles represent pauses or consolidations in a trend move. The expectation is that when the counter-trend movement works itself out, price will break-out of consolidation and resume the prevailing trend - tick.

Some good company news, together with POG gathering steam and who knows where this baby could end up.