Alaris Royalty Corp ALARF

Industrials Conglomerates

"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."

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Alaris Royalty Corp > Not great if you believe in Technical Analysis

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Post by felix10on May 25, 2018 1:34am

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Post# 28079233

Not great if you believe in Technical Analysis

From TD Direct Investing Recognia tonight:

Alaris Royalty Corp forms bearish "Flag" chart pattern

May 24, 2018

Recognia has detected a "Flag (Bearish)" chart pattern formed on Alaris Royalty Corp (AD:TSX). This bearish signal indicates that the stock price may fall from the close of $15.90 to the range of $13.60 - $14.00. The pattern formed over 10 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 decline after taking a brief pause. A bearish Flag pattern occurs during a dynamic market decline, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping upward against the prevailing downtrend, and is confirmed when the price breaks down through the lower boundary to resume the decline.

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