Wednesday, May 21, 2008
CHL: Symmetrical Triangle Target
(Click On Chart To Enlarge)
Review:
"Chart #4: CHL closed on May 6 at 88.33, looking like it wanted to break out the Symmetrical Triangle (purple) to the upside for a bullish continuation, but it was called lower at the open yesterday, and opened at 85.87, BELOW the pattern, and BELOW Data Point #4 (purple) of the pattern, which was 86.06.
81.76 is IN PLAY."
The Symmetrical Triangle target of 81.76 MADE in yesterday's trading.
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