I originally posted this chart showing the ascending broadening wedge when the stock was still confined within the wedge - after it broke it back tested the wedge confluence at the horizontal resistance line and failed - its been all downhill since as the channel shows a near text book wedge pattern completion
Bollinger bands RSI and PSAR are lagging indicators and are more usefull to short term trading IMO !
Ascending broadening wedge !
here is the update as at last nights close
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Edit as I type the pennant triangle drawn on my simple bar chart has been breached and 8.5c support has been broken
AVZ chart, page-4944
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