GREY:ALARF - Post by User
Comment by
TickerTwiton May 25, 2018 11:00am
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Post# 28080703
RE:Not great if you believe in Technical Analysis
RE:Not great if you believe in Technical AnalysisFirst reaction? Nonsense, this is a short-term reaction to the quarterly report, and with little potential for internally-generated bad news to continue it should be near a bottom.
But ... AD shareholders have shown they are willing to sell low, why would they stop now?
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felix10 wrote: 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.