Australian Pharmaceutical Industries Ltd forms bullish "Inside Bar" chart patternDec 08, 2015 Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on Australian Pharmaceutical Industries Ltd (API:ASX). This bullish signal indicates that the stock price may rise from the close of 2.05. Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead. An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls.
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API Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
