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01 November 2017
Continuation Wedge (Bullish) Intermediate-Term Bullish
After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Notes: Stock Technical Analysis is based on past pattern and probability, not a call for you to trade. Do Your Own Due Diligent (DYODD).
See also; Singapore Stock Technical Analysis My Dividend Investing Strategy STI ETF - Exchange Trade Funds How Can I Start Trading Stocks In S'pore Straits Times Index Stock Price History Credit Card That Saves You Money |
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