Tag Archive for 'Ascending Triangle'

Gallant: Closing in 52 weeks high!

Gallant has reached the target price of $0.37 since last breakout from the Ascending Triangle. Currently Gallant stock price is close to 52 weeks high and high chance to pull back when reach the resistance at about $0.46.

Wilmar International: Testing an Important Resistance

Wilmar is testing an important resistance for the 3rd time at about $6.45.  Do take note that this level proves to a strong and tough resistance to be broken for the past few occasions. Coincidently this level is also very near to the current 200D MA, and also the resistance of a potential Ascending Triangle [...]

HL Asia: Wait for Breakout

HL Asia is trading within an Ascending Triangle. At the moment, the direction is not very clear because HL Asia may breakdown or breakout to go up. Looking closely at the chart, a mini double top is formed with the neckline (green) somewhere between $3.40 to $3.50. Breaking down from this mini double top will [...]