Continuation Wedge, now uptrend, intermediate target $3.30-$3.60

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wpgmoney

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Continuation Wedge, now uptrend, intermediate target $3.30-$3.60

posted on Dec 05, 2011 04:16PM

Event Details for: Continuation Wedge (Bullish)

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Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. More...

Event Date:	Nov 30, 2011
Opportunity Type:	Intermediate-Term Bullish
Close Price:	$2.00
Target Price Range:	$3.30 - $3.60

Price Period:	Daily
Volume:	1,332,948
Pattern Duration:	58 days
Inbound Trend Duration:	146 days

1mth | 3mth | 6mth | 1yr | 2yr | 5yr

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