Above is the weekly chart of DIST.
DIST Broke out of the bullish Ascending Triangle yesterday with a convincing volume hike, a bullish pattern developed since Nov 30 2010.
What Does Ascending Triangle Mean?
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. The chart below is an example of an ascending triangle: