NTC netcomm wireless limited

"Tells Me: The price has broken downward out of a consolidation...

  1. 262 Posts.
    lightbulb Created with Sketch. 11
    "Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior sideways trend. A Symmetrical Continuation Pyramid (Egypt) shows two converging trendlines as prices reach higher lower highs and lower higher lows. Volume diminishes as the price swings back and forth like a see-saw between an increasingly narrow range reflecting uncertainty in what this tells us. Then well before the triangle reaches its apex, the price breaks out of it's range with a 50/50 chance of going up or down. There may be a noticeable increase in volume, confirming the pattern as a continuation of a Symmetrical Continuation Pyramid.... maybe."

    SS
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.