Been watching this chart since the initial breakout from the 27/7/15 which was previously its last spike from 05/01/15 but this time the volume was a lot higher. Has formed a delicious formation at the moment (bullish ascending triangle formation) This formation is the most bullish out of all the flags, pennants and wedges.. REASON.. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as a continuation pattern in an up-trend but is a strong reversal signal when witnessed in a down-trend .. Also of note the volume has decreased in the formation which is a good indication of the pattern to play out.. All we need is the break-out volume to rapidly increase for a buy signal ..
My ST target is 4c++
- Forums
- ASX - By Stock
- SXT--technical breakout looming
Been watching this chart since the initial breakout from the...
-
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SXT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online