Thanks Jim & good morning All Fisher & Paykel Healthcare Corp...

Thanks Jim & good morning All


Fisher & Paykel Healthcare Corp Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern
Feb 03, 2016
Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Fisher & Paykel Healthcare Corp Ltd (FPH:ASX). This bullish signal indicates that the stock price may rise from the close of 8.00 to the range of 8.80 - 9.00. The pattern formed over 25 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.



Tassal Group Ltd forms bullish "Gravestone" chart pattern
Feb 03, 2016
Recognia has detected a "Gravestone (Bullish)" chart pattern formed on Tassal Group Ltd (TGR:ASX). This bullish signal indicates that the stock price may rise from the close of 4.51.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom. During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.


GUD Holdings Ltd forms bullish "Inside Bar" chart pattern
Feb 03, 2016
Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on GUD Holdings Ltd (GUD:ASX). This bullish signal indicates that the stock price may rise from the close of 6.45.

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.



Japara Healthcare Ltd forms bullish "Triple Moving Average Crossover" chart pattern
Feb 03, 2016
Recognia has detected a "Triple Moving Average Crossover" chart pattern formed on Japara Healthcare Ltd (JHC:ASX). This bullish signal indicates that the stock price may rise from the close of 2.90.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods. Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.



Polynovo Ltd forms bullish "Gravestone" chart pattern
Feb 03, 2016
Recognia has detected a "Gravestone (Bullish)" chart pattern formed on Polynovo Ltd (PNV:ASX). This bullish signal indicates that the stock price may rise from the close of 0.25.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom. During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.