Jan 22, 2013 - BEL, Stock Analysis    No Comments

Symmetrical Triangle on BEL?

BEL has been quite for a while but upward trend is still intact. Looks like it has been in consolidation mode as it formed a Symmetrical Triangle. Question is: are we done with this phase? Is it ripe to continue moving up or a reversal will be seen soon? Even though a continuation pattern is supposed to breakout in the direction of the general trend, this is not always the case.

Caveat!

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