Ascending Triangle breakout for ORSU?

8 juin 2020

Orsu metals released some interesting & pretty impressive drilling results on multiple holes in Russia, indicating they've "struck gold," for lack of a better expression.

I'm not great at reading drilling results from Gold mining companies, but I can read the charts fairly well, and apparently the market likes the results, so far.

An ascending triangle is a chart pattern used in technical analysis, It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows.

The two lines form a triangle. Traders often watch for breakouts from triangle patterns.

The breakout can occur to the upside or downside.

Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.

8 juin 2020

Note

This is the same chart, but instead, this is a smaller time frame & using a line chart.