Russ, Calling a Rising Wedge are you....?????? You maybe a tad early on the call...lol.. Or just a down ramper..imo buddy You have been down ramping this one a couple of times... Trying to get in cheaper, dosn't matter with this one anything under a $1.50 is cheap..imo Just get some.. Get over it and pay up and tell Nobby too.. Check the chart as I have no doubt you have 2 morrow will be the low if it gets there or today was...imo Rising Wedge:lol Even though this article will focus on the rising wedge as a reversal pattern, the pattern can also fit into the continuation category. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend.......
Prior Trend: In order to qualify as a reversal pattern, there must be a prior trend to reverse. The rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal. Sometimes the current trend is totally contained within the rising wedge; other times the pattern will form after an extended advance. Pete.
NIA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held