Thursday, June 5, 2008

VPHM: Ascending Triangle Breakout


(Click On Chart To Enlarge)

From May 30:

"9.24 validated resistance was taken out on a closing basis (9.28) on May 29."

Nice rally off last week's channel breakout above 9.03, on May 27, and takeout of 9.24 resistance on May 30. Yesterday, June 4, 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.

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