dzygadlo

Pennant pattern: Looking for a break out

Long
dzygadlo Updated   
NASDAQ:SOLO   None
Large volume on 11/20 started the pattern - it's been consolidating ever since. I think that when the stock close above ~8.40 it'll signal the breakout. Then it looks like it could be on a ride to ~18. I picked up a boatload in the 7's and I'd love to see this triple.

Comment:
Looks like this is going to break out today - I'm predicting that this will go to +10/share from today's close
Comment:
I'm going to reevaluate this, doesn't appear to be a pennant pattern as I once thought, but a rising channel. Which is fine, but what's concerning me is the drop below the 9 and 20 day MA. If this doesn't bounce up next week, OR it drops closer to the 50 DMA -
I'll evaluate closing my positions.

here's what I'm seeing...


I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!

Good luck and I'm always interested in what you think.
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