OTCPK:LYDIF - Post by User
Post by
flayeron Oct 25, 2012 2:09pm
126 Views
Post# 20524094
Getting tighter.....and tighter
Getting tighter.....and tighterWhen looking at the bulk of this years price action as a backdrop, the last month and a half is forming a tighly coiled triangle.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CA%3Alyd&insttype=&freq=1&show=&time=8
You don`t have to be a well-schooled technical chartist to know......range contraction ALWAYS leads to range expansion - the tighter the spring gets coiled, the more explosive the breakout. Of course the breakout can resolve the situation in either direction; but if you believe this stock is being managed (manipulated) for an imminent takeover....it would explain the extremely tight range we`ve been trading in of late. Just speculating here.