New target price rangeMinieres du Nord Ltee (Explorations) (MDN : TSX)
Industry: Metals and Mining
Event Details for: Ascending Continuation Triangle
An Ascending Continuation Triangle is considered a bullish signal. It indicates a possible continuation of the current uptrend. This pattern occurs because the lows are moving increasingly higher but the highs are maintaining a constant price level. The technical event occurs when the price breaks out of the triangle formation to close above the upper trendline, thereby confirming the pattern. More...
Event Date: Apr 02, 2007
Opportunity Type: Intermediate-Term Bullish
Close Price: $1.68
Target Price Range: $2.00 - $2.08
Price Period: Daily
Volume: 259,600
Pattern Duration: 25 days
Inbound Trend Duration: 133 days