Manhattan broken out of symmetrical triangle

Hey all,

This is Manhattan Resources, L02.SI. I have found a symmetrical triangle that has just been confirmed. Going through the checklist: there is decreasing volume while the triangle is forming, followed by a spike on breakout day, and price has a general zig-zag pattern before breakout. A projection based on the height of the triangle would be $1.38 region, testing previous highs.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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