TSX:SOT.DB - Post by User
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MARKOPOLISon Jan 29, 2024 8:06pm
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Post# 35851709
Sot
Sot Slate Office REIT forms bearish "Continuation Wedge" chart pattern
Jan 29, 2024
Trading Central has detected a "Continuation Wedge (Bearish)" chart pattern formed on Slate Office REIT (SOT.UN:TSX). This bearish signal indicates that the stock price may fall from the close of $0.85 to the range of $0.61 - $0.65. The pattern formed over 23 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 downtrend is set to continue.