RH Petrogas (technical)

RH Petrogas, prices have been consolidating in symmetrical triangle formation with decreasing volume. In this case, because RH Petrogas plunged overnight immediately preceding the symmetrical triangle due to fundamental news (being no further discussions on takeover offer), I will not see this as a continuation pattern. Rather, investors are indecisive and looking for directions. Hence, a breakout on the upside is as likely as a breakout on downside. Upside breakout may bring prices above $0.90 and downside breakout may break prices below $0.620