Contel consolidating in a triangle

Good day all,

Short post for this evening. I found a good-looking symmetrical triangle on the chart of Contel, OJ4.SI. This triangle is forming after a good uptrend that has been in place for quite a while. The trendlines that form the triangle look good, and volume behaviour gives confirmation of the pattern. Of course, I need to see a breakout first to determine direction.

Let us see how this goes.


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.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: