InvestorsHub Logo
icon url

liveandkicking

03/31/10 5:42 PM

#21986 RE: bluemoonraider #21982

You are correct sir... My mistake, it is indeed a ascending wedge, not sure what I was thinking..

----------

Your "very bullish flag pattern" that you drew looks like an ascending wedge to me...
icon url

Etrnaly

03/31/10 6:08 PM

#21993 RE: bluemoonraider #21982

Sadly (because I want TDGI to go up), I will have to agree with you. It broke out of the ascending triangle/bull flag pattern when it broke into the .04's. The new pattern we have been making is a bearish descending triangle that broke down when we closed and stayed below .045 for a few days. At best, the pattern we have is a symmetric triangle with the low trendline at the bottom of the previous consolidation period and the upper trendline at our highs.

The only good thing is we're approaching the 50dma, which has provided a great launching pad in the past.