TSX:LSG.DB - Post by User
Comment by
LexMark747on Oct 28, 2014 5:19pm
342 Views
Post# 23069668
RE:RE:looking at the cash flow
RE:RE:looking at the cash flowLSG's technical pattern is not a descending Triangle. In fact the pattern that is showing on LSG's chart is known as a Falling Wedge Pattern. This is know as a breakout pattern. There is no need to read Tea Leaves here simply because you do not buy until it breaks out above the resistant trend line ( upper line of the Falling Wedge Pattern ) You should also wait for two consecutive closes above this trend line and keep an eye on higher volume. This then would confirm the break out. If it doesn't break out you simply don't buy. How easy is that. .....Mark ............... Please copy and post to your browser for a view of the chart......Falling Wedge Pattern........https://stockcharts.com/c-sc/sc?s=LSG.TO&p=D&b=5&g=0&i=p06026486004&a=372753107&r=1414530537764