Agoracom: Small Cap Investment - Argonaut Gold Inc. - Re: Bullish - AR Target 11.30 to 11.70

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Re: Bullish - AR Target 11.30 to 11.70 - event detail

in response to

Bullish

Portee44

posted on Jan 15, 2013 11:51AM

Event Details for: Symmetrical Continuation Triangle (Bullish)

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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. More...

Event Date:	Jan 10, 2013
Opportunity Type:	Intermediate-Term Bullish
Close Price:	$9.69
Target Price Range:	$11.30 - $11.70

Price Period:	Daily
Volume:	323,090
Pattern Duration:	43 days
Inbound Trend Duration:	118 days

3 Recommendations

Re: Bullish - AR Target 11.30 to 11.70 - event detail

drandres

Jan 16, 2013 12:07AM

Re: Bullish - AR Target 11.30 to 11.70 - event detail(Doc)

Portee44

Jan 16, 2013 01:02PM

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