Blumont 10 mins chart as at 5th Nov 2013 - Symmetrical Triangle Formation

10 mins chart of Blumont as at 5th Nov 2013 1140am.

Symmetrical triangle formation is observed.

Upward breakout will retest next resistance indicated by the yellow zone.  A strong upthrust above this yellow region will probably propel price towards 0.159 cents.

Immediate support is the light blue band. Breakdown below symmetrical triangle lower boundary will plummet price towards violet support zone.

Symmetrical triangle formation will be invalid if breakup or breakdown does not happen before reaching its apex. This failure will most likely result in a trading range between the yellow and light blue bands.

Be alert and nimble. Highly volatile only for the brave and strong hearts.