The Ascending Triangle:
-It resembles accumulation.
-It is a bullish pattern.
-It doesn't have to happen on an uptrend, but it is very helpful when it does.
-The top of the triangle is fairly straight and the bottom of the triangle is ascending. The stock ascends and descends between these two lines of the triangle.
-As the stock inclines, the volume declines because accumulation is taking place.
-You want the volume to increase when it breaks, but the volume won't always increase on the breakout.
-Time-frame: a few weeks to a few months. The time-frame is less relevant than with the Cup and Handle Pattern.
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Hi Sasha, I bought your Build a Solid Market Trading Foundation course yesterday and watched it already. Great course! I will be buying more. Just a question, LPTN looks like a perfect Ascending Triangle. What do you think? I know biotechs are risky...
Sasha, I want to say - I appreciate your willingness to help others. I had very little confidence last year. I started watching some of your videos and it helped. You put out a video on a day trade where you explained everything in detail as you were buying and taking profits and it was a big confidence booster. Also because you are so genuine I could see you really do WANT to help others. I will start buying some of your classes so I can learn more and help others as well. I funded my margin account and in 3 days realized I can do this! It really can be done! Thanks so much! I think it is important that people realize to actually make a living you need help and you have no choice but to go with a margin account. The risk reward principle is very important also.
Owned buildings at another site may be used as alternate workspace if a building cannot be occupied. This depends upon the location of the building and whether the building would be affected by the same hazard that prevented use of the primary building. The alternate facility may be a viable business recovery strategy if the building can be configured with the required equipment or existing equipment can be configured to need business requirements.
Systems and Equipment.
Evaluate these systems to determine whether they meet the needs of the program. Identify and plan to overcome emergency communication system limitations such as weak radio or cellular service or areas where a warning system cannot be heard. Upgrading this critically important system may be required. Verify that these systems are in reliable working condition.
If fuel, battery backup power or batteries are required, make sure the system can run for the required time and chargers are available. Document how to operate these systems and mark the locations of controls. Make sure the information is available during an emergency. Many of these systems also require periodic inspection, testing and maintenance in accordance with national codes and standards. Train staff so a knowledgeable person is able to operate systems and equipment.
Materials and Supplies.
Be sure to compile a list of available resources using the Emergency Response Resource Requirements and Business Continuity Resource Requirements worksheets as a guide.
Preparing for an emergency, responding to an emergency, executing business recovery strategies and other activities require resources that come from outside the business. If there were a fire in the building, you would call the fire department. Contractors and vendors may be needed to prepare a facility for a forecast storm or to help repair and restore a building, systems or equipment following an incident.
The following external resources should be identified within plan documents. Include contact information to reach them during an emergency and any additional instructions within the preparedness plan.
Public Emergency Services.
Contractors and Vendors.