RXII (long)

This chart pattern looks bullish, could be a bit early, but some of you like the early birds.

RXII

Some previous daily cycles and the current positive divergence.

 The 15 minute chart shows a nice continuation triangle with proper volume for the pattern. These obvious patterns are typically short term manipulated, in this case you'd expect a downside shakeout. However the low and speculative price and rather low volume may allow this one to slide under the radar. The Apex of the triangle is almost complete, so a break out may be coming soon.

 Using the 60 min trend channel as a stop, the stop would be around $1.38 or so, not $1.40 though, it's too obvious. If you can go a little lower then $1.38, it would be even safer from a potential false breakdown.

The moving average crossover screen is giving 3 long signals today.

Another entry would be to wait for the breakout around $1.50 or so; in that ase, the stop would be around $1.45 on the close.