fresh TA voodoo, see below.
GLAL,
R.
note to anyone concerned: All is well. I've just returned from holiday in a remote area where the online access wasn't working as planned. I've got some catching up to do with emails and the like. Also, Yaesu FT-991 and high-power amps unfortunately are not waterproof. On the other hand, low-power FT-270R, *are*. Waterproof and probably bombproof. I'm convinced that post-nuclear holocaust that the only thing left will be cockroaches and FT-270R's.
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POET Technologies Inc forms bullish "Continuation Wedge" chart pattern
May 26, 2015
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on POET Technologies Inc (PTK:TSXV). This bullish signal indicates that the stock price may rise from the close of $1.47 to the range of $1.95 - $2.10. The pattern formed over 34 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 uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.