RE:RE:RE:RE:RE:classic BULLISH TRIANGLE forming on cyx
looking at chart alone ,,,,,a long base formed in the 22 to 30 cent range,,,,support was broken and alot of mom pops flushed out in the .055 cent level....it did not breakdown to the .005 cent level like most others on the venture which is positive for the stock meaning it has some strong institutional support.....looking at the latest uptick may just given the stock a green light BUY signal,,,,,gottra see if it holds or heads higher into next week.....the private placement is positive news for the stock,,,,to raise money in its war chest,,,,,,,,,just looking at tecnicals here for now,,,do not care what it does
overall.....the chart is beautiful,,,..,,,a nice long base,,,,,the flush out of mom pops,,,..the bounce back small uptick may be something bigger brewing here,,,,,we shall see WHY....soon im guessing
a bullish symmetrical triangle forming for the next leg up........im hesitating in putting both feet in but i do not want to chase this one higher if this play fills its chart pattern to the 22 to 30 cents level with the spike to higher highs to 56 to 66 cents......levels