Title: Bearish Symmetric Triangle
Description: A bearish continuation pattern
Description: A bearish continuation pattern
Lion - May 29, 2006 06:50 PM (GMT)
Case Study 1:
LMA Int'l ($0.715)
1st Alarm - sharp decline within a month has forced the daily MACD to break below multi-support uptrend line on 12/04/06 ($0.83)
2nd Alarm - bearish Symmetric Triangle pattern breakout coupled with uptrend failure on 15/05/06 ($0.805)
As at 29/05 closing of $0.715 , share price has loss 13.8% from 1st Alarm or 11.2% from 2nd Alarm
LMA Int'l ($0.715)
1st Alarm - sharp decline within a month has forced the daily MACD to break below multi-support uptrend line on 12/04/06 ($0.83)
2nd Alarm - bearish Symmetric Triangle pattern breakout coupled with uptrend failure on 15/05/06 ($0.805)
As at 29/05 closing of $0.715 , share price has loss 13.8% from 1st Alarm or 11.2% from 2nd Alarm