(Click On Chart To Enlarge)
In the daily chart, XING has formed an Ascending Triangle over the past three weeks. Flat top with a higher low. It's poised to go higher, but obviously is only bullish if it can break out to the upside, preferably on some volume. The target IN PLAY would be 6.66, but targets against the dominant trend, which has been bearish, are less likely to get MADE. This pattern is "skimpy" in terms of width, but in September-October, 2007, XING broke out of only a 4-week Double Bottom (7.78-7.65). That was good enough for a powerful Bear Market rally to 13.37.
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