GTCAP, Stock Analysis 
1 Comment GTCAP: Breakout from Ascending Triangle?
Looks like a breakout from the Ascending Triangle for GTCAP as it advanced last Friday by 2.25% Currently at its all time high. Price may have broken out from the continuation pattern but there might be a test of support before it will surge to a new level. Be careful with the headwind but looks like GTCAP mean business after the break. If support around 694 will hold then this should continue to go up.
The Ascending Triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Caveat!
