World Surveillance Group Inc (fka WSGI)

[justfrank]

rtb_all_american

The chart was referring to a descending channel. It's a trading channel formed by trend lines drawn using the reaction highs and reaction lows. The pps was falling between the two, upper line being the resistance and lower being support. Different than the descending triangle. The lines on it though appear to be loosely drawn and that channel look like it was broke Tuesday actually. Just another positive sign.

Looking forward to Monday, might not gap up, the last candle on the 15 min chart was mostly above the upper BB, I think we might see a pullback at opening. Could present a good opportunity to buy during that first hour or so. JMO