Imperium Crown has been forming a Rising Right-Angle Wedge for the past 2 weeks.
(read more about this stock pattern here).
Today it looked ready to to break up of this wedge I decided to add to my stake in this counter while it was around 0.106. Not long after it start to break above 0.108 and what a strong move after that! It hit 0.12 before profit taking came in and closed at 0.115, still a 10% move from yesterday's close at 0.114. Not too bad!
Just before breaking up today
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| Imperium Crown - forming a right-angle wedge pattern (4hrly and daily) |
Break up!
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| Imperium Crown - broke up of the wedge strongly! |
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