Nothing has changed that is not shown on that chart. That is what a chart does, it shows the price changes along the way as the market takes account of the current circumstances. Don't write of charts so quickly, they are a valuable tool. Also, you see patterns repeat enough times you get to understand the accumulation/distribution patterns that occur eg the cup and handle/small ascending triangle below 2.5c is one of my favourites as they regularly occur at the beginning of BIG moves - one I recall, as it was the stock that made we watch for that pattern again, was LNC just above $1 from memory, before it continued on to $5 or so. Look back at a few charts that have had good runs and you'll find a similar setup elsewhere quickly
And don't think this stock is atypical![]()
- Forums
- ASX - By Stock
- Broken out and trending
Nothing has changed that is not shown on that chart. That is...
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)