$40 here we come!!

Altium Ltd forms bullish "Key Reversal Bar" chart pattern
Feb 25, 2020

Recognia has detected a "Key Reversal Bar (Bullish)" chart pattern formed on Altium Ltd (ALU:ASX). This bullish signal indicates that the stock price may rise from the close of32.55.

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. A Key Reversal Bar (Bullish) develops after a strong decline. The bar shows that the price opened clearly to the downside, preferably a good deal lower than the prior close, but the bears were unable to sustain the move and after developing a wide range, the price closes near or above the prior bar's close.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.