Alex_Quiroga
Long

A premature triangle line breakout

NASDAQ:SBLK   STAR BULK CARRIERS CORP. - COMMON SHARES
I am not predicting and anticipating the things since I expect for a clear breakout
but the point here is that the price is showing me some intentions to breakout the resistance line for this reason I put this stock in my watch list to follow up
I like this pattern based in the increasing volume the other thing I like is the wicks of two candles five weeks ago this gives me a bullish sensation generally these patterns work and are a continuation price patterns like the past triangle in the chart here is the past triangle with your respective breakout in the 6.00 area From February 2016 to December 2016
This is one of reason I use weekly charts with a long perspective (Weekly candles with a eight Years view) because is more accurate for identify reliable chart patterns
By last the target is based in past support in this case I support myself in the last line of support in the 25.00 level
Happy new year and weekly charts :(
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