Descending wedges are usually very bearish and can induce a violent reaction. IMHO the correct target price for a downside breakout is ~$1.80 (3.15 - 2.46 = .69 cents. 2.46 - .69 = 1.77). The positive sentiment that exists towards this stock and the insto's buy in price may save it of course - still, I've not heard many put a positive spin on a descending triangle. Hope I'm wrong for all who hold the stock!
- Forums
- ASX - By Stock
- VCR
- downslanting wedge
VCR
ventracor limited
downslanting wedge, page-9
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VCR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online