Stock Market Singapore – Time to Get Back into Action
The Singapore stock market, the STI index, has risen from a recent low of 1,456 to yesterday’s 1,905. To me, the resistance level was breached and the market is moving up very quickly.
Double Bottom Pattern
The double bottom is a major reversal pattern that forms after an extended downtrend. The pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.
Source: Stockchart.com
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3:36 pm on September 15th, 2009
[...] already seen the double-dip in STI. I talked about the double bottom shape in my earlier article on Time to Get Back into Action last [...]