there is no determinate of a triangle breakout direction but what is a key indicator is the volume on the peak and troughs. Murphy (1999) indicates that weaker volume on troughs and heavier volume on peaks is a key indicator, and then heavier volume on the breakout is also another key indicator. He also mentions waiting for a couple of days for a breakout confirmation....
If you take a look at the BBG chart last few weeks you will see why....the last few days excluding today appeared like a breakout.....doesn't look like it will eventuate.....spew'n
there is no determinate of a triangle breakout direction but...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.2M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $13.92K | 819.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 15475582 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 7028412 | 7 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| PCL (ASX) Chart |