Hi guys...as you can see...the breakout of GEO price was cause by an Descending Triangle that could either break out or break down. But obviously...it's a breakout towards the upside with volume. My target is 0.84 here but there could be a stong to moderate resistance at 0.81 level that remain to be tested. Both RSI and MACD are geared to move upward. The GEO open interest and OBV could help us determin if money is actually flowing in GEO to push it upwards...or would the profit takers assume the momentum of GEO Let us see what happens next

Mukang Descending Triangle yan Val hindi Ascending Triangle pero anyway yun lang

QUOTE:
Hi guys...as you can see...the breakout of GEO price was cause by an Asecnding Triangle that could either break out or break down. But obviously...it's a breakout towards the upside with volume. My target is 0.84 here but there could be a stong to moderate resistance at 0.81 level that remain to be tested. Both RSI and MACD are geared to move upward. The GEO open interest and OBV could help us determin if money is actually flowing in GEO to push it upwards...or would the profit takers assume the momentum of GEO :) Let us see what happens next :)

Disclosure nga pala...wala me GEO...just love to study price movement
Base on the 0.77 price...the risk reward here would be 1:1 already...assuming 0.7 is the support of GEO with target of 0.84....the risk reward would already be 1:1...0.07:0.07...0.07upside is to 0.07downside or 9%reward to 9% risk

QUOTE:
Mukang Descending Triangle yan Val hindi Ascending Triangle pero anyway yun lang :lol:

Oooops...i stand corrected...descending triangle nga pala...as mentioned in my previous watch list...its actually a descending tri...sorry

Althou a descending tri is suppose to be a bearish conslidation...it reamains to be a continuation pattern...meaning...based from the previous trend...w/c is uptrend...the descending tri of GEO should remain bullish as evident to the upside breakout of the triangle.

But I still do not recommend anyone to take new position with GEO at 0.77 price. The Reward doesnt out weight the Risk

I thought there was a H&S...pero apparently not...

Saved by "Grace". Hehehe!