Bat Pattern , Axion Power Intl Inc (AXPW), 4hr

Trying my hand at penny stocks again.

Here we wee a bat pattern on the AXPW 4hr charts. If the pattern completes, i believe that we should see a rally to the 1.618 extension of the BC leg. the pattern is supported by a wedge or triangle pattern, and it appears to have a lot of evidence to push it upward.

I placed my entry at the current price for a long to $0.04 and my stop is just below the lowest acceptable level of the pattern.

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