I am assuming you are using the 6 months chart to find your triangle, otherwise, anything before that and the only triangle I can find is one that the share price is going to fall. I still don't get why the share price is even rising in the first place, even today the company is set to announce a - more likely than not - over subscribed share purchase plan.
What I think is happening, and I have been warned of this before is that someone with a lot of money is manipulating the share price to buffer this announcement. (Probably Hanlong but maybe even the company) I didn't have time to post this the other day as I was in meetings just about the whole week.
But I must have been the only one to notice that 75-85% of the trades where between 2-70 shares. I even figured out that due to this the average share trade was about 1.4k. I even saw a hell of a lot of 1s in there. Once again, if anyone has bought in the share market for the short term just recently DO NOT GET GREDDY! Cashout on the spike today and wait for the SPP to go through, then pick them back up for a bargain.
MOL Price at posting:
90.0¢ Sentiment: None Disclosure: Held
