WolfCOO

TRTC Bullish descending triangle. Waiting for trend change

OTC:TRTC   TERRA TECH CORP
100 2 1
TRTC             has been in a bullish descending triangle . Small move represent large percentages from $.3480 to its next major resistance at $.3927 is almost a 15% increase. Personally I would like to see it close above its 5 day moving average before taking any long position but I'm keeping my eye on this pattern because of the potential upside
Assuming it breaks above that 0.40 line, do you think it can go up to 0.55-0.60 in the short term like in next month or so?
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Unfortunately, taking into account the financial struggles of this company and the pending earnings release, the risk here is still big. If it weren't for this fundamental issue, I would agree with your tech work here and also believe that given other corcumstances, this pattern can produce a good trade setup.
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