Finjan Holdings Symmetrical Triangle Setup
The chart of Finjan Holdings has been compressing into a Symmetrical Triangle pattern after the stock surged higher following an April 26, 2017 deal with Avira. Finjan entered into a partnership agreement with Avira, who will provide its VPN Platform for distribution and sale by Finjan Mobile as part of its VitalSecurity suite of product offerings. Both companies also entered into a confidential cross-license under their respective patents.
Finjan Holdings Stock Chart
The stock has formed a Symmetrical Triangle pattern and looks ready to do a breakout:
Notice that the Bollinger Bands are inside the Keltner Channels. When this happens, the stock has been trading in a narrow range for a while. A major move could happen when the stock breaks out of this trading range. Very recently a Pocket Pivot signal occurred which is another positive sign.
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