Straits Times Index: Possible Double Top Forming? [Technical; Double Top]

The double-top pattern is found at the peaks of an upward trend and is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower.

Read more: http://www.investopedia.com/university/charts/charts4.asp#ixzz20w2vNP1x

 

Immediate Support: 2,905

Immediate Resistance: 3,030

 

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