It broke out of the triangle and through the 20 MA, if the 200 MA now becomes strong support, the expanding triange would be the next logical target. I don't have this stock but i might look for a position when it starts to bounce off the 200 M
Another low low cap is impact , ipt on the tsx ventures.
The chart is a bit busy but for a reason.
This stock could be breaking out to new highs if it can continue breaking the 50 and 200 MA. I am watching for breaks up and probably going to trade them.
ELD on the tsx I also have a option on, for a 21 strike price. It expires friday so the likelihood I will be losing on this, but there is a small potential I may be able to cut some losses on looking at the current chart.
A break out of that triangle, that is drawn could result in a spike up to the bollinger band. and maybe to the 19.60 range where i might be able to cut some losses.
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