Monday, November 30, 2009

TA, starting with the oldest Breakout First





Lets look. On the top chart, WEEKLY, it Broke out on 10/5. It has now targeted a projected $1.89 [ Canadian ]. WEEKLY charts require longer to work out than Daily.

Next chart down. DAILY it Broke out 11/23 and now targets a projected $1.48 CDN.
DAILY charts take less time to work out than WEEKLY but more
more than HOURLY.

Now, the HOURLY. It has broken out today 11/30 and targets a projected $ 1.18.

Basically no more comment is required here as the pattern is clear. The closer targets are lower than the longer targets but the stock is "stair-stepping" its way toward each objective. Despite all screams and hollers and moaning and groaning to the contrary the stock has kept moving.

SHORT ANSWER / CONCLUSION ? IMO, the stock keeps moving. Technically, the volume keeps confirming what, IMO, I am seeing in price. Its your money, you decide