Browse Stacks: Government: aks2.png

aks2.png

AKS: This could be a nice bullish descending triangle if price breaks resistance of the triangle then you'll get a nice thrust to around $10.00.

Comments

ds2ds2
who cares about AKS? lol 
6/11/14
ZeroPointMind ΦZeroPointMind Φ
Oh the HORROR !!!!!! 
Descending triangles are a very reliable short pattern, if they break down, which they do most of the time, they are like taking candy from a stock broker who wants to unload their holdings. 
If they break down, odds are very goo they will meet their target. 
6/11/14
Mike1981Mike1981
Certainly obvious. 6/11/14
Mike1981Mike1981
Zero I agree. If you are familiar with descending triangles they are usually bearish so there is the short option as well. Im more bullish on this one until price confirmation because price has been coming off the lows. Of course as always wait for price confirmation. 6/11/14
DinkDink
I think consideration should be given to the fact that the stock recently broke out of a major bottom and is in accumulation mode. Because of this, I would guess the triangle would break up, not down, or it might break down initially, only to form a bull flag channel and head back up before meeting the downside breakdown target. We shall see. 6/11/14
DinkDink
"accumulation", I meant markup. 6/11/14
SkipperleejonesSkipperleejones
The flat line on the bottom with the descending line atop is a Bear Triangle. They can be bullish but are regarded as Bearish patterns , no? 6/13/14
Mike1981Mike1981
Correct Skipperleejones. Only price action will confirm the case and you wait for the break of support or resistance to take on the trade. 6/13/14
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