BTA
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0.00% 57.0¢ biota holdings limited

Hi lenzj010,Descending triangle pattern developing. Breakout...

  1. Rondog
    673 Posts.
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    01/07/09
    21:13
    Post #: 5346490
    Hi lenzj010,

    Descending triangle pattern developing. Breakout confirmed once we get close/consolidation above $1.30. If breakout fails, I would look for support at around $1.05 to hold.
    Traditional technical analysis suggests an upside target of closer to $2.05, not $1.60. So if you already hold and the breakout takes place, you might be sitting pretty.

    All the best

    BTA Price at posting: $1.28 Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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