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SGH

0.00%

54.5¢ slater & gordon limited

I sure hope this comes to pass, I guess we'll know in a month :)

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Brierley59

136 Posts.

17/05/15

14:50

Post #: 15295824

Originally posted by tyrone15 ↑

If this chart ends up playing out?

There will be a strong smell of shorters burnt trigger fingers as they madly panic & scramble to cover their positions

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Column 1Slater & Gordon Ltd forms bullish "Continuation Wedge" chart patternMay 15, 2015
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on Slater & Gordon Ltd (SGH:ASX). This bullish signal indicates that the stock price may rise from the close of 6.18 to the range of 8.20 - 8.70. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

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I sure hope this comes to pass, I guess we'll know in a month

SGH Price at posting: $6.18 Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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I sure hope this comes to pass, I guess we'll know in a month :)

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