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To: N/E PATSFAN who wrote (6005)2/3/1998 1:00:00 AM
From: HeyRainier  Read Replies (2) | Respond to of 9262
 
[ PIR ]

Hello NEPF,

PIR looks like an Ascending Something all right, but what makes me hesitate to fully classify this as an Ascending Triangle is the lack of an even price resistance level. Having one makes the breakout from the Triangle more evident and easier to play. Here's one that has a more defined upper resistance level (though not the best example): EAII.

Take a look at that one,and you'll see the importance of having a flatter top on the Ascending Triangle.

Regards,

Rainier