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Ann: CEO's Address to AGM, page-48

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Nightmarez3k

6,527 Posts.

286

02/11/17

10:23

Post #: 28427979
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Originally posted by dmc0212 ↑

"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 13.71 to the range of 6.50 - 7.75. The pattern formed over 117 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis."

Taken in isolation this TA prognosis is absurd. We need evidence of any fundamental deterioration in the underlying business that has occurred for the share price to halve.

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LOL.

Half market cap....$100M cash and at least $50M cash earnings a year.

Something is fishy...my toes are back in the water. Maybe thats the issue.

Last edited by Nightmarez3k: 02/11/17

SRX Price at posting: $13.63 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: CEO's Address to AGM, page-48

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