Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Doug R who wrote (73)	6/7/1997 5:31:00 PM
From: Mike Kehler	of 257

Doug, on PNCL, Not commenting on FA - OK, except that a CD recorder I bought from them was pretty crappy - it definately looks like a nice triangle, very well formed. Interesting how the price has moved up to the upper trendline on such low volume, but it certainly looks strong otherwise. Certainly looks to have potential. I will wait for breakout confirmation (i.e. volume) before jumping in - I wouldn't want to be holding if this pattern did not complete. I do have reservations about their fundamental situation, but this still looks to be a good (albeit risky) short term play... thanks for pointing this one out! Mike

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