GEM buy?, page-384

Always a pleasure to cross paths. I too have taken a small position today on
the "break" of the Ascending Triangle yesterday on decent volume. It was
the first daily close above 1.125 since its inception almost 8 months ago.
Those wicks still need to be cleared though. I have a few hesitations about
this trade the biggest being that it is sitting at a retest of the downside breakout
from a long duration channel (some of which is visible on the weekly chart above).
I do however give more weight to a horizontal pattern boundary than to that of a trend
line. Also not crazy about the candle yesterday for a breakout day.
Risk reward was the deciding factor for an entry for me and if it does not show strength
in the next day or two, I will likely cut the trade.