Sunday, 8 January 2012

2012 Momentum Play- Latexx

On 28/Dec/11, I mentioned that Latexx did not consider a breakout due to her low volume traded,
http://reiccs.blogspot.com/2011/12/momentum-play-latexx-followup.html , I redraw the symmetrical triangle again to accomodate the false breakout in the below chart, so I'm still stalking for a break above 1.98 with at least 1.5 million volume, then we consider a good symmetrical triangle breakout. The RRR is good, with profit target at 2.27. Lets monitor for these 2 weeks, if still no momentum, then I consider the whole triangle story has ended.


No comments:

Post a Comment

Followers