Replies to post #42860 on lowtrade

[lowtrade]

Theres lots of info in the sticky post area If your new to TA & charting. Stockcharts.com can help with your studies of technical indicators and / or chart patterns. GORO's price target was a projection (not prediction) based on the flag pattern which just had it's resistance broken. Patterns project, People predict.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79890992

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continuation

[lowtrade]

Here is a redo of the chart, so you can study the 2 patterns at stockcharts.com's chart school heading.

click charts;
http://stockcharts.com/school/doku.php?id=chart_school
Then click patterns;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis

One is a continuation pattern and the other a reversal pattern. Short/mid term