GREY:CLLZF - Post by User
Post by
leveraged1on Mar 05, 2010 4:22pm
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Post# 16849708
wellsitter's - Cup and handle
wellsitter's - Cup and handle
The one year pattern only needs 13 more cents to reach $1.58 thereby breaking through the right tip of the cup in which case the pattern is confirmed suggesting a further steep and continueous rise to $2.50 to form the Handle.
I never was one to put much stock in technical trading patterns but if this follows through I will certainly pay more heed to them in the future.