RE:RE:RE:RE:RE:RE:RE:RE:Sebraz, opinion pleaseIt is coming to the wire with this extended diamond continuation pattern. I was hoping it would have broken upwards by now. Cibc trading platform says that it already has broken out of what they consider the Diamond Consolidation Pattern, but my measurements show that a close above 7.88 is confirmation. Agreed that warnings will come in low 7's to at least get your head up and pay attention for downside, especially with the market correcting. A break below 7.05 could open up a pandoras box of ugly trading.
Unfortuately we all know that the apathetic low volume of late can lead to head fakes as Gibonsj is pointing out. However this is a very strong pattern and resistance/ support failures most likely will be telling/predictive in the short term.
This is all moot however with a good acquisiton as it will once and for all end this 8 month correction and take us above $10.
DO YOUR OWN DD, MY MEASUREMENTS ONLY , AMATEUR, VERY ACTIVE TRADER OF THIS STOCK