Chart update, page-2417

Hi Andy
You may be right on the money,
Following on from last nights commsec daily market report, they have issued another tonight.
We are now apparently forming a bullish "Megaphone Bottom" chart pattern... stock price rise to AU$3.53-AU$3.57
over 16 days...we're starting a more decisive uptrend...
GLTAH

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0	The a2 Milk Co Ltd forms bullish "Megaphone Bottom" chart patternJun 14, 2017 Recognia has detected a "Megaphone Bottom" chart pattern formed on The a2 Milk Co Ltd (A2M:ASX). This bullish signal indicates that the stock price may rise from the close of 3.39 to the range of 3.53 - 3.57. The pattern formed over 16 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 recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend. With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move. This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology. Column 1 0

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