sherwinfrancis03

descending triangle

Long
ASX:RAC   RACE ONCOLOGY LTD
very amateur TA guy. just looking for some opinions from the better chartist on here to correct me. I see a drop below what i marked out as a sensitive price zone for RAC. this stock is very news/announcement driven that sees it break highs often. so assuming no significant news to break the pattern, am i right in thinking there will be a downturn as such? and if not can you please tell me where im wrong for future reference. also i would appreciate your own views on where you see this going.
Kind Regards
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