RE: RE: A different view now...Espagnol, its not the fact that it's a junior mining company. Any company that publishes drill results, quarterly earning statements, change in directors, etc, etc, will cause any chart to move unpredictably. A penny stock (less than 10 cents say) that moves up and down for a penny or two over six months, that I agree with you is ridiculous. This was not the case for Focus Metals and it can be charted. But sure glad I redid my rediculous chart and bought in to make a rediculous 30% on the day :)
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Focus Metals Inc. (TSX-V: FMS)Add one to the successful count of a Falling Wedge Pattern! Man I love this pattern. I'm sure glad George has me re-look my chart yesterday and when I saw it, I took position in Focus Metal at
.78 in the morning. Time and time again I've played this chart formation and it has been so far the one that has paid me the most. If you're interested in reading up on how to play this chart pattern, I wrote an article not too long ago about it called How to Trade a Falling Wedge Chart Pattern. There are several steps in playing this formation once it has broken out and if you play them correctly, you can increase your earnings by about 20% instead of just buying and holding until it reaches its ultimate pattern target price.
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