Replies to post #423 on $$$Ospreyeye: Charts, Technical Analysis & Japanes

[ospreyeye]

CARN Chart .... Forming a Bullish Pennant on the daily chart:....

Higher lows & Lower Highs are forming a Pennant off the large white candle formed on the 16th.......

Pennants are really short-term triangles. They form with lower highs and higher lows, over one to five weeks. The line through the peaks and the line through the troughs converge and the pattern is completed by a break outside the converging lines.

the Highs are riding MA(100) currently @ 0.0176....the Lows have been riding MA(10) support currently @ 0.0131.....

MA(10) support has broken intraday.....need to see the share price close above that level.....

MA(20) @ 0.009 Bullish Crossed MA(50) @ 0.088.....MA(10) is headed for a Bullish Cross w/ MA(100).....

these two MA's are forming the pennant.......close above MA(100) & CARN will breakout,,,,,,,$$$