Good Morning all & thanks Mitta Adacel Technologies Ltd forms...

Good Morning all & thanks Mitta

Adacel Technologies Ltd forms bullish "Inverted Hammer" chart pattern
Jan 29, 2016
Recognia has detected an "Inverted Hammer" chart pattern formed on Adacel Technologies Ltd (ADA:ASX). This bullish signal indicates that the stock price may rise from the close of 1.81.
Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices. The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher.



St Barbara Ltd forms bullish "Inside Bar" chart pattern
Jan 29, 2016
Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on St Barbara Ltd (SBM:ASX). This bullish signal indicates that the stock price may rise from the close of 1.48.
Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead. An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls



Money3 Corp Ltd forms bullish "Double Bottom" chart pattern
Jan 29, 2016
Recognia has detected a "Double Bottom" chart pattern formed on Money3 Corp Ltd (MNY:ASX). This bullish signal indicates that the stock price may rise from the close of 1.02 to the range of 1.08 - 1.10. The pattern formed over 43 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 price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal



DWS Ltd forms bullish "Continuation Wedge" chart pattern
Jan 29, 2016
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on DWS Ltd (DWS:ASX). This bullish signal indicates that the stock price may rise from the close of 1.03 to the range of 1.31 - 1.37. The pattern formed over 37 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.



Arena REIT forms bullish "Continuation Diamond" chart pattern
Jan 29, 2016
Recognia has detected a "Continuation Diamond (Bullish)" chart pattern formed on Arena REIT (ARF:ASX). This bullish signal indicates that the stock price may rise from the close of 1.77 to the range of 2.12 - 2.20. The pattern formed over 238 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 price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.