GREY:LBEFF - Post by User
Comment by
ExSudburyGuy2on Aug 07, 2007 10:29am
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Post# 13208582
RE: SELLERS
RE: SELLERSNo particular sellers dumping ... Sellers include E*Trade accounts, Penson Financial, Canaccord and CIBC.
For anyone interested in TA, this came across on Friday.
A "Descending Continuation Triangle" chart pattern formed on Liberty Mines Inc
(LBE on TSXV). This bearish signal indicates that the stock price may fall from
the close of $2.65 to the range of $2.00 - $2.15. The pattern formed over 16
days which is roughly the period of time in which the target price range may be
achieved.
A Descending Continuation Triangle is considered a bearish signal, indicating
that the current downtrend may continue. The pattern illustrates lows occurring
at a constant price level, with highs moving constantly lower. The technical
event occurs when the price breaks out of the triangle formation to close below
the lower trendline, thereby confirming the pattern.
Recognia Alert Wire content is generated at market close by Recognia Inc.
(www.recognia.com). Recognia has developed proprietary technology for chart
pattern recognition and forecasting based on the standards of technical analysis. Recognia's system scans all stocks in the major exchanges in the US
and Canada and generates news alerts for those stocks that have formed one of
more than 25 patterns. For more information contact us at: info@recognia.com.