RE:RE:RE:I THINK WE JUST HAD A BREAKOUT FROM A PENNANTLet's just wait a little longer before jumping to conclusions. The game is still on and nothing so far has invalidated the March 8 breakout at 0.66 from the 3 month flag formation with a minimum target of 2.07. The smaller 1 month pennant comes on top of that flag and is still in play with a minimum target of 1.74. The next few days will reveal the outcome for the pennant.
I am focused on the bigger flag formation that has also formed a higher low at 0.54 which is always a good sign, and as long as this higher low is not violated, we're looking great. I said before that I expect the 2.07 minimum target sometime next quarter. Time will tell.
As for your comment about my technical abilities kindly note that I cannot be "good" or "bad" at technical analysis nor can I invent things out of the blue. I just report what I see according to what is well established practice and bibliography. There are set rules for defined patterns and possible outcomes with variable probabilities which are never ever 100%.
Having said this I would expect that, with some notable exceptions, almost everybody reading this board is savvy and mature enough to know that technical analysis can be helpful but is not infallible. It is just a trading toolbox that takes a backseat to much more crucial fundamentals. And Verde's underlying fundamentals are undeniably getting a lot better.