Friday, July 15, 2016

Alterra Power Is Breaking Up

A couple of days ago I posted a piece on Alterra Power, a renewable energy company run by Ross Beaty. The main thesis was this:

Alterra is getting bigger and its shares are poised to break-up

Et voilá:


The chart shows a technical pattern called "Cup With Handle". According to the theory it is a continuation pattern, which means that Alterra shares should continue heading north after breaking up.

And it looks like Alterra share prices are just breaking up...

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