Thanks Jim & good morning all The a2 Milk Co Ltd forms bullish...

Thanks Jim & good morning all


The a2 Milk Co Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern
Feb 16, 2016
Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on The a2 Milk Co Ltd (A2M:ASX). This bullish signal indicates that the stock price may rise from the close of 1.88 to the range of 2.55 - 2.75. The pattern formed over 34 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. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.


Blackmores Ltd forms bullish "Hammer" chart pattern
Feb 16, 2016
Recognia has detected a "Hammer" chart pattern formed on Blackmores Ltd (BKL:ASX). This bullish signal indicates that the stock price may rise from the close of 165.22.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside



Elders Ltd forms bullish "Inside Bar" chart pattern
Feb 16, 2016
Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on Elders Ltd (ELD:ASX). This bullish signal indicates that the stock price may rise from the close of 3.87.
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.



Monash IVF Group Ltd forms bullish "Hammer" chart pattern
Feb 16, 2016
Recognia has detected a "Hammer" chart pattern formed on Monash IVF Group Ltd (MVF:ASX). This bullish signal indicates that the stock price may rise from the close of 1.47.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside



Syrah Resources Ltd forms bullish "Bottom Triangle" chart pattern
Feb 16, 2016
Recognia has detected a "Bottom Triangle" chart pattern formed on Syrah Resources Ltd (SYR:ASX). This bullish signal indicates that the stock price may rise from the close of 4.07 to the range of 5.40 - 5.70. The pattern formed over 99 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, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.