For those traders that do a great deal of chart review work, you often come across a stock chart that is nearing a resolution point. Whether it be a Breakout move being imminent, or a Moving Average test soon, these are just a few examples of charts that are at a prime setup point.
I have an example today of a chart that is set up in a very nice Wedge pattern — a wedge that has price nearing the apex so a nice move is expected very soon. Here is the Daily chart of $CFFN :
The question now becomes, do we get a move up or down?