GLG Ascending Triangle Breakout
By Johns Wu on Sep 01, 2006
This entry was posted on Friday, September 1st, 2006 at 2:27 am and is filed under Stock Charts.
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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….