Yongnam has been continuously moving up since last quarter of 2006. And this is a typical chart for the uptrend stock, breakout... consolidate... breakout... consolidate, which I think is a heathy way of moving up....slow and steady.
From the chart, we are able to see multiple combined strong bullish signals which consist of the following signals:
1.MACD crossover above zero centerline
2.Breakout of the triangle
3.Volume increase
Typically, when this three signals combined, it present a very strong bullish signal and the chance of for the price to move up in the following few days is very high - with evidence shown in this chart.
Generally, this is one of the bullish signals that TA players and contrarian like to use for entry.
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