breakout level??? ** chartists?, page-2

Hi Sabre

Well as I said a couple of days ago, I jumped on SGW as a momentum trade. The momentum didnt carry and I stepped off this little train at my stop.

Looking at the chart since then, it has formed a flag pattern. This is generally a bullish pattern. I calculate that the flag pole = 49c, therefore if the stock breaks out on the upside from this pattern (it has to either today or Monday IMO), then my short term target is $3.49/50....

But this is only one dudes view. Hope it gives some food for thought.