CAY 8.20% 16.5¢ canyon resources limited

Greetings FishiesPalIt looks very much like a descending...

  1. 747 Posts.
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    Greetings FishiesPal


    It looks very much like a descending triangle is playing out here (bullish resolution normally). I don't have any paintbrushes available sorry, but someone will do it for us, I'm sure. It needs to display a breakout of the descending line (drawn across the last high of 31, and the second recent spike to 26.5), which should resolve on a time and price combination within 3 weeks, around 23/24 cents. The target on that breakout is about 13 cents from the breakout level, so 36/37 initially, before a pullback.


    Stop loss should be set at 18

 
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