$1.65 for breakout, page-7

I guess you could say its not really in a channel as such, but what im saying is it seems to have caught that bottom trend line and now the current flag pattern is running right into it, so it could push it to breakout of the flag pattern. Basically if it drops below $1.57, it would mean a break down of that flag pattern which would be bearish. But the overall bottom trendline is important IMO.

But ya, I wouldnt expect that to happen, it looks to me like it will break out of that recent horizontal flag pattern. Its a continuation pattern, its been moving up very quickly and it may do flag after flag from here and move higher and higher.

The chart below shows what I see in it. You can see 3 clear flag patterns and you can see how it seems to have caught that more recent trend line and may well bounce off it again from here:

[URL=http://img220.imageshack.us/my.php?image=andaxpricedaily24sep08t.png][/URL]