TA, Transalta update

Then, a few weeks ago, and now charts as usual;

TA july 29 2015TA aug 29 2015

We had $7.50 as a target. In fact it went to $6 partly due to a “throw-over”. We see this as a buy particularly when looking at the short-term chart. In pink we show a pattern that we have talked about frequently lately, the diagonal triangle. They are classic termination patterns so a solid and perhaps violent rebound is definitely a real possibility.