Title: Double Top Pattern
Description: A bearish reversal pattern
Description: A bearish reversal pattern
Lion - May 29, 2006 10:53 AM (GMT)
Case Study 1:
China Fishery Group:
1st Alarm - bearish divergence and bearish signal cross on 10/05/06 ($3.66)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($2.80)
As of today's closing of $2.55 , a 30.3% loss from 1st Alarm or 8.9% loss from 2nd Alarm
China Fishery Group:
1st Alarm - bearish divergence and bearish signal cross on 10/05/06 ($3.66)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($2.80)
As of today's closing of $2.55 , a 30.3% loss from 1st Alarm or 8.9% loss from 2nd Alarm
Lion - May 29, 2006 11:05 AM (GMT)
Case Study 2:
China Hong:
1st Alarm - bearish divergence and bearish signal cross on 17/05/06 ($1.75)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($1.36)
As of today's closing of $1.28 , a 26.9% loss from 1st Alarm or 5.9% loss from 2nd Alarm
China Hong:
1st Alarm - bearish divergence and bearish signal cross on 17/05/06 ($1.75)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($1.36)
As of today's closing of $1.28 , a 26.9% loss from 1st Alarm or 5.9% loss from 2nd Alarm
Lion - May 29, 2006 11:11 AM (GMT)
Case Study 3:
China Milk:
1st Alarm - bearish divergence and bearish signal cross on 17/05/06 ($1.33)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($1.09)
As of today's closing of $1.03 , a 22.6% loss from 1st Alarm or 5.5% loss from 2nd Alarm
China Milk:
1st Alarm - bearish divergence and bearish signal cross on 17/05/06 ($1.33)
2nd Alarm - bearish Double-Top breakout, uptrend breakout on 22/05/06 ($1.09)
As of today's closing of $1.03 , a 22.6% loss from 1st Alarm or 5.5% loss from 2nd Alarm
Lion - May 29, 2006 11:26 AM (GMT)
Case Study 4:
China Petrotech:
1st Alarm - bearish uptrend breakout on 05/05/06 ($0.805)
2nd Alarm - bearish Double-Top breakout on 16/05/06 ($0.735)
3rd Alarm - bearish sign as daily MACD slips into negative on 22/05/06 ($0.66)
As of today's closing of $0.53 , a 34.2% loss from 1st Alarm, 27.9% loss from 2nd Alarm, or 19.7% loss from 3rd Alarm
China Petrotech:
1st Alarm - bearish uptrend breakout on 05/05/06 ($0.805)
2nd Alarm - bearish Double-Top breakout on 16/05/06 ($0.735)
3rd Alarm - bearish sign as daily MACD slips into negative on 22/05/06 ($0.66)
As of today's closing of $0.53 , a 34.2% loss from 1st Alarm, 27.9% loss from 2nd Alarm, or 19.7% loss from 3rd Alarm