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Sri Lanka Equity Forum » Stock Market Talk » ASI 30.01.2017 10.30 AM

ASI 30.01.2017 10.30 AM

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1 ASI 30.01.2017 10.30 AM on Mon Jan 30, 2017 10:36 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
X and Y are little bit similar pattern.
falling wedge pattern we can see. when is break out 150-160 level. we can see up trend around 300 point atlease. 
any Ideas.....


2 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 12:40 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
any idea...

3 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 7:54 am

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics

4 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 8:17 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:
Towhom to kill  Smile Smile Smile

5 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 8:55 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

6 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 9:15 am

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stockback wrote:any idea...

An organize group behind this alien alien alien

7 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 9:29 am

anjelo

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
so organized group is still collecting. maybe the firms them selves.....

8 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 5:43 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback
Slight indication given in your chart displayed in today trading.

9 Re: ASI 30.01.2017 10.30 AM on Thu Feb 02, 2017 6:11 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Falling wedge pattern

The falling wedge is a generally bullish pattern signaling that one will likely see the price break upwards through the wedge and move into an uptrend. The trendlines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.


From the above, one can see that a wedge is similar to the triangles, in that the price movement bounces between the two trendlines, which are bounding the price movement.

Another thing to look at in the falling wedge is that the upper (or resistance) trendline should have a sharper slope than the support level in the wedge construction. When the lower (or support) trendline is clearly flatter as the pattern forms, it signals that selling pressure is waning, as sellers have trouble pushing the price down further each time the security is under pressure.

The price movement in the wedge should at minimum test both the support trendline and the resistance trendline twice during the life of the wedge. The more times it tests each level, especially on the resistance end, the higher quality the wedge pattern is thought to be.

The buy signal is formed when the price breaks through the upper resistance line. This breakout move should be on heavier volume, but due to the longer-term nature of this pattern, it's important that the price has successive closes above the resistance line.

Read more: Analyzing Chart Patterns: The Wedge | Investopedia http://www.investopedia.com/university/charts/charts7.asp#ixzz4XWzaLjyf 

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