
Symmetrical Triangle breakout will show the direction of the next major trend. Breakout above the upper resistance line of the symmetrical triangle will propel price towards $4.00 followed by a test of 200 days EMA resistance line. Conversely, a breakdown below the lower support of the triangle will see a retest of $3.05 support.
Trend Watch
Thursday, May 8, 2008
Cosco Symmetrical Triangle
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