Seeing an intraday ascending triangle on the 5 min chart...
This usually denotes pend up demand as sellers are no longer willing to come down and the price gets squashed higher into a increasing smaller area...until... the pressure becomes to great and it blows through the top of that resistance ...Resistance is currently at 4.4c Volume is also dropping off which is typical before a Ascending Triangle break.
If it does break to the upside expect an inital target around 4.8c (projecting the triangle upwards.)
Time will tell ...
Seeing an intraday ascending triangle on the 5 min chart...This...
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Mkt cap ! $2.262M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $11 | 11K |
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