pennant formation, page-9

Some poster is talking about a 'pennant' formation: to be honest I can't see it in the chart - but there are much better technical analysts on this site than me. I would hate for someone to plonk some money in this expecting a quick return on the basis of a 'pennant' formation. A lot of which fail as a formation, anyway. Besides the bollingers are tightening around this one: that could indicate a move up, but it could also indicate a swift move downwards.

I know stuff all about this stock, but I think that if you are going to invest in it, the correct outlook to have at the moment is a fundamental one, as Towie has. Though Tastarga has laughed at associating fundamentals with this stock.

It looks like some posters here are in the queue to pick up the stale bulls somewhere down the track.

Disc: I don't hold.