I have never been a great fan of TA. If this happens I will sell the house, wife (can I do that?) and kids and buy up big time. $7.50 - give us a break.
From Commsec daily TA note.
"......Recognia has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on Sirtex Medical Ltd (SRX:ASX). This bearish signal indicates that the stock price may fall from the close of 14.37 to the range of 7.50 - 8.75. The pattern formed over 76 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis....."
What a load of crap.
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