This guys is full of it, and heres the proof. Heres another "Symmetrical Continuation Triangle" posted on another forum hes ramping. Its word for word, another cut and paste with change to the sp only. You cant believe a word this guy says....
Also POS is also starting to get some more air time...from Recognia
Poseidon Nickel Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern
Sep 03, 2014
Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Poseidon Nickel Ltd (POS:ASX). This bullish signal indicates that the stock price may rise from the close of 0.20 to the range of 0.25 - 0.27. The pattern formed over 26 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
- Forums
- ASX - By Stock
- AVR
- Symmetrical Continuation Triangle Graph Pattern
Symmetrical Continuation Triangle Graph Pattern
-
-
Share
For me the posting or sharing of company or factual information is of purpose and it all never influences my decision to buy, hold or sell. - There are more pages in this discussion • 41 more messages in this thread...
Featured News
Add AVR (ASX) to my watchlist
|
|||||
Last
$9.80 |
Change
-1.100(10.1%) |
Mkt cap ! $203.1M |
Open | High | Low | Value | Volume |
$10.50 | $10.79 | $9.30 | $1.176M | 118.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 854 | $9.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.99 | 250 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 854 | 9.820 |
2 | 2184 | 9.800 |
3 | 3630 | 9.700 |
1 | 127 | 9.680 |
1 | 86 | 9.600 |
Price($) | Vol. | No. |
---|---|---|
9.990 | 250 | 2 |
10.000 | 310 | 4 |
10.080 | 84 | 2 |
10.150 | 2 | 1 |
10.160 | 59 | 1 |
Last trade - 13.23pm 06/09/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |