RE: ascending triangleNo offence intended pipe but how can the technicals possibly be usefull for a junior minor explorer. Personally, I think if a jr minor picks up a potential property, releases positive drill results, make a major jt venture announcement or other, the price of the stock would go up.
The opposite would happen if bad news was announced. How can you look at a price graph chart of a junior minor explorer and suggest that it would go up without an announcement.
Now if we were looking at a bank, insurance company then perhaps I would agree with a technical analysis you can have an idea of where the stock is heading. With jr miner's, positive news means a higher price and an negative announcement will result in a lower price. Plain and simple!
Ngg is up because alot of activity is happening, if it were stagnant with no drilling how would you be able to look at a chart and say at what price it should be or heading?