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SPM555

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SPM555

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Tuesday, 07/10/2012 2:18:10 PM

Tuesday, July 10, 2012 2:18:10 PM

Post# of 64
WSTL Chart Analysis – Symmetrical triangle trading near it’s apex

WSTL (Westell Technologies, Inc trading on the Nasdaq GS) has been trading in a channel for the past 10 months or so, and the channel has a descending trendline for resistance and an ascending trendline for support.

That’s what’s known as a symmetrical triangle pattern, and at the moment the price is trading pretty close to the triangle’s apex, meaning it will likely choose a direction soon.

http://ichartpennystocks.com/wstl-chart-analysis-symmetrical-triangle-trading-near-its-apex/
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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