Bell Direct Daily Trading Ideas today had VIT on an intermediate term bearish symmetrical continuation triangle note with target $1.40 to $1.48. Tax loss selling period.
Recognia has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on Vitaco Holdings Ltd (VIT:ASX). This bearish signal indicates that the stock price may fall from the close of 1.82 to the range of 1.40 - 1.48. The pattern formed over 18 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
VIT Price at posting:
$1.75 Sentiment: Hold Disclosure: Held
