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Stephen118

851 Posts.

26/06/14

10:35

Post #: 13573722
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Originally posted by Bugalug ↑

Haplo,

A very useful chart and thank you for sharing with us all. I don't want to be a stickler, but want to clarify that your charting terminology was not accurate, but your interpretation of it is!! What you may have meant to say (?) is that the chart represents a Symmetrical Triangle or Pennant formation (not an "Ascending Triangle or Flag" as described). In any case, both the Symmetrical Triangle and Pennant formations are considered to be continuation patterns - they signal a period of consolidation in a trend, often followed by a resumption of the prior trend. But remember anything can happen! A break below the lower trend line is obviously a bearish sign and any break above is bullish and carries more conviction if accompanied by an increase in volume.

Keen to see how the next few days and weeks pan out for this chart and this stock, good luck everyone!! Thanks again for sharing the chart

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"But remember anything can happen!" is what the chartists and forecasters will say to protect themselves if they are wrong. Yes the charts tell us what happened in the past but not always what will happen in the future. Remember anything can happen because of the uncertainties and variables.

TNG Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.5¢		Change 0.004(7.84%)		Mkt cap ! $97.27M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.2¢	$97.96K	1.823M

Buyers (Bids)

No.	Vol.	Price($)
1	103015	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	53057	1

View Market Depth

No.	Vol.	Price($)
1	103015	0.054
1	11237	0.052
4	161920	0.050
2	40434	0.049
8	334179	0.048

Price($)	Vol.	No.
0.055	53057	1
0.057	220000	4
0.058	100000	1
0.059	423800	1
0.060	15000	1

Last trade - 16.10pm 08/11/2024 (20 minute delay)

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