I quote (from the thread I started on the 13th "Useful TA - a...

I quote (from the thread I started on the 13th "Useful TA - a pennant forming):

"There's a very nice-looking pennant forming on AYN. As you may know, the SP rarely continues to the right of a pennant's 'point'; it usually breaks one way or the other."

Well ... today the SP broke upwards clear of the top pennant line. Marvellous!

I also suggested that I suspected two other significant events might occur shortly. They were:

1. the SP needed to close above the 30MA, and
2. the first silver pour (more about that in a tick).

Well (and I'm happy to repeat myself) ... today the SP closed above the 30MA. Two down - one to go.

From a TA perspective alone those two events constitute very strong 'Buy' signals. When completing my daily scans (all other things being equal) AYN would be a 'buy'.

But, IT GETS BETTER! I've been having considerable trading using a Bollinger 'squeeze', after the SP climbs through the Bollinger band's 20MA and hits the top band.

The SP close today is an exact copy of that success-making pattern.

And - thanks to a great post from 'Gunshow' - we have the knowledge that the first silver pour looks very likely ... and soon. Thanks Gunshow.

All the TA marbles are there. Grab your biggest tombola and go for it!


Stops in place, always.

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