"waiting for a couple of days for a breakout confirmation...."
I think you are spot on there Skating. Some stocks have a tendancy to break out of an equilateral triangle in one direction and then suddenly reverse. Some also do so out of bearish down-sloping triangles or bullish up-sloping triangles. It pays to know the stock before betting on a triangle break. ERG and VCR are two stocks who over the years have thrown a 'head fake' from time to time (to use a little basketball parlance.)
I also agree with you that BBG is in short-term trouble and I went short @ 7.76 on Tuesday.
regards,
-HBG
"waiting for a couple of days for a breakout confirmation...."I...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $121.9M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $35.83K | 2.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 9350561 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 4315405 | 9 |
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| PCL (ASX) Chart |