ASCENDING TRIANGLE IN AN UPTREND (BULLISH)

AAI / Airtran Holdings, Inc.

Ascending triangle in an uptrend (bullish). Look at how it powers out of the pattern. And on great confirming volume too. Classic.

ASCENDING TRIANGLE IN AN UPTREND (BULLISH)

ALLY / Alliance Gaming Corp.

Another perfect example of an ascending triangle in an uptrend with confirming volume. The volume diminishes during the formation of the triangle and explodes higher with the price of the stock as it breaks out to the upside.

ASCENDING TRIANGLE(S) IN AN UPTREND (BULLISH)

BBI / Blockbuster Inc.

The information contained here was gathered from sources deemed reliable, however, no claim is made as to its accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or times, nor should any of the examples presented be deemed as such. There is a risk of loss in trading stocks and stocks options and you should carefully consider your financial position before making any trades.  The reference to statistical probabilities does not pertain to profitability, but rather to the direction of the market. The size and the duration of the markets move, as well as entry and exit prices ultimately determines success or failure in a trade and is in no way represented in these statistics. Furthermore,  no representation is being made that any of the examples shown resulted in actual trades. This is not, nor is it intended to be, a complete study of chart patterns or technical analysis and should not be deemed as such.

Stock trading involves high risks and you can lose a significant amount of money.