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To: Eakole who wrote (5294)12/5/1997 3:12:00 AM
From: Galirayo  Read Replies (5) | Respond to of 9262
 
[ GTNR ] Hi, Eakole.

I'm not sure what to make of it.

I'm not really that familiar with Ascending Triangles. I am trying to spot them but I'm new to them.

>>the candlesticks suggested an Evening Star nine days ago<<
I looked and I don't see an Evening Star. There is a Doji on 11/20 confirmed by a Black Bozu on 11/21.

Then on 11/28 there was a White Bozu Reversal. On 12/03 the candle looked like it found support on the 35DMA. I was expecting the 35 to push it on up. I normally look to the MA to override the candle.
The 5dma was fairly flat until today.

The indicators were set up for Triggers. Or a Bounce in the case of Cume Money Flow.

I know that Wedges Flags and Pennants all require the Volume to Dry up near the completion. GTNR fit the Profile. It looked Sweet to me.

Rainier mentioned that a good way to play these is to place a buy limit order at or near the Apex of the Triangle to catch it on the way up as it breaks out.

I think that's the best way to play these.

Ray