Hello Galan Galacticos, i got this from Bell Direct, it is their...

Hello Galan Galacticos, i got this from Bell Direct, it is their computer generated prediction based on chart recognition.
@@beisha would be great if you can comment on this. GLTAH!

Galan Lithium Ltd forms bullish "Megaphone Bottom" chart pattern
Mar 21, 2022

Trading Central has detected a "Megaphone Bottom" chart pattern formed on Galan Lithium Ltd (GLN:ASX). This bullish signal indicates that the stock price may rise from the close of1.54to the range of1.75-1.81. The pattern formed over 21 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: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend.

With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.

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