(Click On Chart To Enlarge)
From April 4 comments:
"CHL broke out of the Bullish Inverse H&S (in purple) on March 27 putting 83.13 IN PLAY, and on the same day, it also broke out the large down trending channel (in blue). The channel breakout didn't hold on a closing basis on March 27, but it did in the next two sessions. A Double Breakout like this one can be very powerful."
The 83.13 target got MADE on April 7, the day that the Symmetical Triangle (in green) began to form. Given the Double Breakout in CHL at the end of March, that "should be" a bullish continuation pattern. We had confirmation of that from yesterday's breakout at 82.53 when the first target of 84.03 (the high of the pattern) got MADE. 86.51 still is IN PLAY.
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