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wapsi

02/18/12 5:17 AM

#1517 RE: dmlabuda #1494

Well this time you drew the correct trend lines on it. Yes there is a wedge formation ... also called an ascending triangle. Which if you do your research a little more, is considered a very bullish Pattern when we hit the apex of the triangle. However is not a 100% bullish pattern. Calls for a close watch on the stock. One thing you need to remember here. News trumps charts in penny land.