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

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


Straits Times Weekly

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

 

Be My Client Commission Rate

About these ads
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 40 other followers

%d bloggers like this: