GLG Ascending Triangle Breakout
By Johns Wu on Sep 01, 2006
GLG, Glamis Gold Ltd., has made an ascending triangle stock breakout.
This entry was posted on Friday, September 1st, 2006 at 2:27 am and is filed under Annotated Analysis.
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4 Responses to “GLG Ascending Triangle Breakout”
By lcs on September 1st, 2006 at 5:54 pm
The breakouts were based on news, not on some stochastic outcome suggested by technical analysis.
By Andre on September 3rd, 2006 at 7:03 pm
Dude this one is going to go way down. And just becouse it is acsending triangle it doesn’t mean that it would do that everytime. Plus I bet this one is going to go down at least 5%+ during this weak.
By Johns on September 3rd, 2006 at 9:06 pm
keep an eye on the stock near the supports (weak support at ~45 and strong support at ~40).
those are your potential long entries if you are looking for a good target price
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GG also had Ascending Triangle Breakout but on downside….