Trend Watch

Thursday, May 8, 2008

Cosco Symmetrical Triangle


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