May Load up on FFIV again. I am seeing an Ascending Triangle Formation

[whodi]

LOOKING VERY BULLISH FELLAS.


Here is a clear ascending Triangle to show you want I am talking about and then compare this chart to FFIV and you guys tell me.

http://stockcharts.com/school/doku.p...nding_triangle



FFIV Chart- Look at August 7th to current.

http://finance.yahoo.com/charts#char...urce=undefined

[whodi]

FFIV is having a good day, Curious to see what type of power when it passes 36.90, Volume will definitely pick up but it also has its MA's to deal with, still very bullish though.

[whodi]

I hope some of you guys were able to get in on FFIV. This was an easy buy on the way the chart was setting up.

[Goods]

Been watching this also. Perfect ascending triangle. Volume was pretty light for today's breakout. Looking for strength on Monday, buy in on a dip and hopefully ride it for what could be 10 points.

Outside of volume, chart looks beautiful.

[whodi]

Originally Posted by Goods

Been watching this also. Perfect ascending triangle. Volume was pretty light for today's breakout. Looking for strength on Monday, buy in on a dip and hopefully ride it for what could be 10 points.

Outside of volume, chart looks beautiful.

Whats up Goods, as far as volume for FFIV, for the day, the volume wasn't great but the breakout was 36.81, and if you look at the volume from the opening bell to around 1ish, the volume was very slow as it ticked up. Once it passed the breakout point, the volume was very solid after 1 to the closing bell, so instead of looking at the volume on the day, which again wasn't strong but was solid after it broke out and the market in general was a low volume day.