April 01 2008.
"A "Downside Breakout" chart pattern formed on Tanami Gold NL (TAM on ASX). This bearish signal indicates that the stock price may fall from the close of 0.10 to the range of 0.03-0.05. The pattern formed over 280 days which is roughly the period of time in which the target price range may be achieved."
Article continues... and i quote...
"A downside breakout is considered a bearish signal. The technical event occurs when the price of a financial instrument breaks out through the bottom of a trading range, indicating that price will fall over a period of days or weeks as a new downtrend appears"
"Recognia Alert Wire content is generated at market close by Recognia Inc. (www.recognia.com)"
I always take these sorts of chartist interpretations with a grain of salt, but charts do have one thing in their favour. They take out the emotion of investing and give a view based on that... ie technicals.
Never ever a recommendation, just a snippet of research, always do your own research.
- Forums
- ASX - By Stock
- TAM
- forms bearish downside breakout chart pattern
forms bearish downside breakout chart pattern
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.17M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 4.1¢ | $4.305K | 105K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 370936 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 85994 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29000 | 0.040 |
1 | 50000 | 0.039 |
2 | 320000 | 0.038 |
1 | 90000 | 0.037 |
3 | 105833 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 182525 | 1 |
0.042 | 85994 | 1 |
0.043 | 69000 | 1 |
0.046 | 65000 | 1 |
0.048 | 20000 | 1 |
Last trade - 10.08am 21/10/2024 (20 minute delay) ? |
Featured News
TAM (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online