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Pernix Therapeutics Holdings - PTX - Symmetrical Triangle

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A nearly perfect symmetrical triangle... look for a strong breakout!

This is published for newer traders to learn basic concept, unfortunately for some odd reason I was not able to publish in its original 5 minute time-frame. Please refer to "Related Ideas" Link at bottom of description for original work.

Symbol: PTX on the Nasdaq

Keep in mind this stock has 60%+ institutional ownership and is susceptible to MM play, therefore TA can at times be less effective, if not effective at all. In any case, I believe this is a bullish , long play.

Recently there have been rumors of a buyout..

insiderfinancial.com/pernix-therapeutics-holdings-inc-nasdaqptx-about-to-be-bought-out/116635/
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BREAKOUT !!!!

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Oops, that one was a joke, sort of .. here ya go !

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PTXSymmetrical TriangleTriangle

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