BTH 0.00% 16.0¢ bigtincan holdings limited

resistance at 0.75, page-9

  1. 589 Posts.
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    A rising triangle in an uptrend would generally be considered a consolidation and continue pattern, meaning the next move would be expected to be up. You could also draw BTH with a rectangle consolidation pattern, but it amounts to the same expectation. Some people would use the height of the triangle/rect to project the size of the next move, and in this case that would be ~0.15 to ~0.9.

    But yesterday's breakout appears to have failed, so it may need to go sideways a bit longer.

    Disclaimer 1: TA is about probabilities, and is only useful when applied consistently over 100s of trades, and may not have much predictive power for a single stock.

    Disclaimer 2: I don't know what I'm talking about, so you're likely getting what you paid for.
 
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