Amaya Inc. T.TSGI

Primary Symbol: AYA

Consumer Cyclical Leisure

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...

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Amaya Inc.

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Post by retiredcfon May 03, 2018 5:37am

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Post# 27974584

Technical Analysis

DAILY MARKET REPORT

The Stars Group Inc forms bullish "Pennant" chart pattern
May 02, 2018

Recognia has detected a "Pennant (Bullish)" chart pattern formed on The Stars Group Inc (TSGI:TSX). This bullish signal indicates that the stock price may rise from the close of $42.64 to the range of $49.25 - $51.00. The pattern formed over 7 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: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.