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Message: Ascending Triangle

Twin has been posting higher lows for the last week, creaping up the trend line and not breaking its recent highs. Normally I would be cautious with a stock who's indicators are oversold and has had a nice run up recently, but Twin needed to break that $1.61 ceiling with high volume to confirm the Ascending Triangle formation. This occured today. By looking at the six month chart below, you can see where target would be... Top of trend line at around $1.77 for gains of 9.9% from an entry at $1.61. Not bad if it can reach it in a couple of days. But the real target for me is to close that upgap at that same price and move to $1.94 which its next resistance level for gains of 20.4%. See 6 months and 2 year chart below.

Click here for chart.

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