Replies to post #30183 on lowtrade

[lowtrade]

Welcome to the board

Yes you got that right. Since it's so close to the point in should be watched daily. Remember a symt triangle with no previous trend can break either way. Because there is nothing to continue from. http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle

So to try to judge which direction may occur one should check shorter term TA indicators. Your chart has long term indicators and doesn't help much with a short term decision coming.

Volume is the main thing to look at. Then the support indicators mainly money flow. CMF, accu/dist, or OBV, but StochRSI direction should help also. This will give you an idea of present day retail sentiment.

Volume is mixed and about even, like stochRSI, but CMF buy/sell pressure is entering strong buy pressure. Granted this particular chart doesn't have much to base your expectations on, but buy pressure is on your side.

Pattern target should be about .0026 above or below breakout price. .0044 top - .0018 bottom.

http://stockcharts.com/h-sc/ui?s=RTGV&p=D&yr=0&mn=6&dy=0&id=p11589276831