STTCOMP CGM, TA LONGprice .2c. CGM has been in a long term down...

STTCOMP CGM, TA LONG
price .2c. CGM has been in a long term down trend , within the formation of a descending wedge. Any time it has broken the resistance line, the rise has not been sustained (great rise though). It has come back down into the descending wedge pattern . The pattern is reaching it's conclusion now . It is generally a bullish pattern. Could go up from here. The parallel support line underneath has been broken on small volume , and gone back up above, suggesting lack of selling at this level.