Nice TA observation Vegas. I have been looking at 1 year weekly & daily charts wondering if this has formed a "cup & handle" it is bullish like the ascending triangle. Guess the most interesting thing about CSUH now is that some of the TA is starting to look real. The daily Ultimate Oscillator (muck like RSI) had only gone above 70 3 times twice in June and once in Oct of 08 and always retraced to 40 or below. Prior to this only once above 70 and that was June 07. The UO has gone above 70 6 times since March 24th and not fallen below 58 and currently going back to 80 - majority of this up turn has kept the UO above 70. The stock has never acted like this and held up as well. The stock is coiled up wanting to spring; however, without a catalyst it will most likely pull back. Bulls buying on dips has kept the price up. Historically June has been the upturn month so this time it is early - now if we can get a nice positive earnings report with strong guidance soon then I agree with you the stock will break through .15 and will challenge the .19 to .21 levels or better. Exciting time to be long! FYI - TA is a hobby. I am by no means an expert. It is interesting that the TA is looking good on CSUH.
Over what time frame do you see an ascending triangle???? In an ascending triangle it hits resistance repeatedly and retraces. Each retracement is less than the last until an eventual breakout above resistance. I am not a big follower of TA, but I am aware of this pattern and have seen a stock end up going down just as many times as up. Probably why I am not a big follower of TA. Especially when it comes to thinly traded penny stocks. These stocks are followed by novices, and manipulated by pro's. Guess who wins?