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Micro Penny Stocks, Penny Stocks $0.10 & Under
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CNCW... Perfect Ascending Triangle
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[QUOTE]Originally posted by FatherOfTwo: [QB] I'll be doing some more DD over the weekend (wife permitting). So far though... I like this one the best... the ascending triangle is very perdictable and I feel this one will not defy this. The resistance is at the top 87 -90..... so if it hits there, I will watch very close. If it breaks through, then the jump will go approx the same distance as the left side of the triangle (ie, .009 minus 0.004 = 0.005). So, when (not if) it gets to 0.009, I will watch to see if it breaks that barrier. If it does, then I would expect it to reach 0.014 (0.009 + 0.005). If it does not break it, I will sell and then look to rebuy when it comes back down to the 50day moving avg. and then watch again when it approaches that 0.009 mark! GLTA! [/QB][/QUOTE]
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