see full definition of that pattern here.
http://www.trending123.com/patterns/Top-Triangle-Chart-Pattern.html
Volume is key of course. The fact that CVN still managed to close on the 51.5c support level, tested 3 or 4 times over last few months, suggests confirmation still required for this bearish pattern imo.
cheers
fat prophets say sell, page-29
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 (20min delay)
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.3¢ | $597.9K | 3.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 391568 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 227242 | 4 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |