Bullish Triangle Trade Idea On SPNECSP New Energy CorporationPSE:SPNECtradersdenphA triagle pattern can be bullish or bearish. It depends which level the price breaks. If it breaks the upper line (resistance) then its a bullish triagle. If it breaks the lower line (support) then its a bearish triangle. Triangles are created because of the sideways movement of the price. What you are looking for on triangles are actually breakouts or breakdowns. Lets talk about SPNEC. All the politics talk concerning Leandro is priced in so thats out of the way. SPNEC is showing a bullish triangle. If the price goes to 1.2 pesos then you can enter. Put a cutloss/stoploss at 1.09 pesos. Thats cclose to a 10 percent risk (loss). Trail your trade with any moving average (If in profits) or exit using a bearish reversal chart pattern once it appears. I hope this helps. Trade well.