Good morning all & thanks Jim Service Stream Ltd forms bullish...

Good morning all & thanks Jim


Service Stream Ltd forms bullish "Ascending Continuation Triangle" chart pattern
Feb 18, 2016
Recognia has detected an "Ascending Continuation Triangle" chart pattern formed on Service Stream Ltd (SSM:ASX). This bullish signal indicates that the stock price may rise from the close of 0.54 to the range of 0.65 - 0.67. The pattern formed over 31 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
The increasingly higher lows and constant highs within this pattern tell us that buyers are more aggressive than sellers, confirmed by a breakout through a resistance level to signal a continuation of the prior uptrend. An Ascending Triangle, with its increasingly higher lows and constant highs, indicates that buyers are more aggressive than sellers. The pattern typically forms because a supply of shares is available at a certain price, represented by the upper flat line. When the supply depletes, the shares quickly break out from the top trendline and move higher.


Blackmores Ltd forms bullish "Continuation Wedge" chart pattern
Feb 18, 2016
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on Blackmores Ltd (BKL:ASX). This bullish signal indicates that the stock price may rise from the close of 179.28 to the range of 223.00 - 235.00. 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: 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.



Decmil Group Ltd forms bullish "Inside Bar" chart pattern
Feb 18, 2016
Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on Decmil Group Ltd (DCG:ASX). This bullish signal indicates that the stock price may rise from the close of 0.94.
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.


Anatara Lifesciences Ltd forms bullish "Hammer" chart pattern
Feb 18, 2016
Recognia has detected a "Hammer" chart pattern formed on Anatara Lifesciences Ltd (ANR:ASX). This bullish signal indicates that the stock price may rise from the close of 1.56.
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.



Xero Ltd forms bearish "Shooting Star" chart pattern
Feb 18, 2016
Recognia has detected a "Shooting Star" chart pattern formed on Xero Ltd (XRO:ASX). This bearish signal indicates that the stock price may fall from the close of 13.90.
Tells Me: The recent rally is approaching its top, as the balance between buyers and sellers evens out and the price backs off of its high. A star has a small real body that gaps away from the large real body of the previous bar. The small real body represents a deadlock between buyers and sellers. Meaning the buyers have given up some of their control and the uptrend is weakening. In the Shooting Star, the real body is near the low of the range and the upper shadow is long. This pattern shows the price could not sustain the strong rally and backs off to close near its low. This top pattern is a warning sign for an impending reversal.