GREY:CUDBF - Post by User
Post by
yukon_goldon Jul 30, 2014 11:06am
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Post# 22794106
POP.V Continuation Triangle Sets Target Price: $0.34-$0.36
POP.V Continuation Triangle Sets Target Price: $0.34-$0.36Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish Symmetrical Continuation Triangle | Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. |
| Event Date: | Jul 25, 2014 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: | $0.26 | | Target Price Range: | $0.34 - $0.36 | | | | | | Price Period: | Daily | | Volume: | 308,500 | | Pattern Duration: | 42 days | | Inbound Trend Duration: | 200 days | |
Long Term Bullish Trend & Technical Events: