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

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To: HeyRainier who wrote (131)6/22/1997 11:55:00 PM
From: mozek   of 257
 
Rainier,

What do you think about CHPS? I'm thinking about getting in on Monday. While last Q's income was below the previous year's same quarter, the differences look due to increased R&D, and decreased interest income. They're working closely with Intel and will be a major beneficiary of Intel's real 3D effort if it pans out. They were also just announced as the video chip supplier for 6 of Toshiba's new line of laptops. I've had many laptops, and Toshiba's have far and away been my favorites.

My main question is "does their chart have an ascending triangle?" To me, it looks like it does, but I'm pretty new at recognizing these.

Looking forward to your input.

Thanks,
Mike
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