Allana Potash fka AAA

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Event Details for: Symmetrical Continuation Triangle (Bearish)
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Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend. More...

Event Date: Feb 13, 2014
Opportunity Type: Intermediate-Term Bearish
Close Price: $0.45
Target Price Range: $0.23 - $0.27
Price Period: Daily
Volume: 2,563,251
Pattern Duration: 38 days
Inbound Trend Duration: 85 days

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