Posted On: 04/09/2015 6:19:00 PM
Post# of 75069
The charts are showing a symmetrical triangle extending as the trading range contracts over several days. The volume is diminishing also. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
As more and more people are steadily waiting to see what happens next, the pressure for the stock to make a substantial move is building.
The breakout can occur in either direction, up or down, and can carry substantial momentum with it once it breaks out.
As more and more people are steadily waiting to see what happens next, the pressure for the stock to make a substantial move is building.
The breakout can occur in either direction, up or down, and can carry substantial momentum with it once it breaks out.
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