Hi Oillman,,
it's not easy charting something of such youth but here goes,,this is a ascending triangle breakout.
the internal structure of the triangle is text book perfect with 3 points of demand over 2 points of supply,,,
the breakout position at 2/3's of the triangle top is also text book perfect and supported by volume.
the candle that is the breakout is also known as a shallow breakout,,,which is in theory said to be a strong breakout which leads to continuation of the move.
a shallow breakout by definition is where the majority of the candle is above the resistance line and the minority is below the R line,,as seen here on the THR chart.
the market depth however looked to me to be in a blow off mode so i suspect a test of the move soon,,which will enable the patient to accumulate more.
upon seeing the chart on Friday and seeing price chipping away at 20.5 i personally cleaned the rest of 20.5 and was the first person in the history of Thor to buy at 21c,,,
as i'm a direct descendant of a Viking family it was only fitting that my sword was to cut 21c,,lol,,
Ragchewer
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