AIO 0.00% $9.13 asciano limited

that triangle

  1. 67 Posts.
    Aware of concerns re debt but had to buy yesterday coz of that ascending triangle set up - constant resistance around 1.50 but increasing conviction to get through it. Keen to see that triangle trigger soon though. Triangles usually trigger 3/4 along resistance line but have certainly seen plenty trigger after this point. As long as this pattern on daily holds i'm staying long but the day of reckoning looks close.

    If the triangle triggers theory tells us to expect a 2.20 target but I will scrap if support is compromised - like all chart set ups nothing is a sure thing, especially in this freaky market.

    Any input re this chart will be appreciated.

    Always do your own research as I could be horribly wrong.

 
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