Tuesday, August 12, 2008

VPHM: Ascending Triangle Target


(Click On Chart To Enlarge)

From June 4, 2008:

"VPHM broke out of its 10-month Ascending Triangle (pattern in green), so in addition to the 11.34 target that still is IN PLAY from the Falling Wedge breakout (pattern in blue) on April 1, that puts 13.26 IN PLAY."

Since that breakout, we had an intervening Bearish Wolfe Wave target that got MADE on July 15, but the Bullish Ascending Triangle target of 13.26 finally got MADE just after the open this morning.

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