technicals - diamond bottom

For those of you who are interested -

A "Diamond Bottom" chart pattern formed on Uranex NL (Australian Stock Exchange). This bullish signal indicates that the price may rise from the close of 0.31 to the range of 0.35 - 0.37. The pattern formed over 33 days which is roughly the period of time in which the target price range may be achieved.
Uranex NL has a current support price of $0.28 and a resistance level of $0.31.

A Diamond Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Prices create higher highs and lower lows in a broadening pattern, then the trading range gradually narrows after the highs peak and the lows start trending upward. The technical event occurs when prices break upward out of the diamond formation, which confirms the pattern.

This bullish pattern was recognized by Recognia Inc.'s patent pending pattern recognition technology.