Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Submit Post
සිංහල පරිවර්තනය
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

Latest topics

» What happened to Janashakhi.... I sold 2 weeks ago. Total gain i lost over 150000
by MoneyLover Yesterday at 11:14 pm

» What to buy?
by Ryan Hudson Yesterday at 10:19 pm

» PM TO BUILD 4000 BRIDGES ACROSS THE COUNTRY
by DS Wijesinghe Yesterday at 8:25 pm

» LDEV / ELPL / UDPL Best Plantation results as of 31/12/17 ?
by Prabodha Yagoda Yesterday at 8:18 pm

» ALHP WILL MOVE UP SOON
by wisdom79 Yesterday at 6:23 pm

» Share my Portfolio gain to build morale and confidence over you !!!!
by wiser Yesterday at 4:00 pm

» Sri Lanka records BOP surplus of US$2.05bn in 2017
by DS Wijesinghe Yesterday at 2:06 pm

» Bus-explosion
by samaritan Yesterday at 1:09 pm

» CHICKEN GETTING READY TO FLY!
by samaritan Yesterday at 10:50 am

» Wiser's TA Chart Room
by wiser Yesterday at 10:06 am

» SDB bank would be 120+
by hettdas Yesterday at 9:52 am

» Reason Behind SFS Booooming
by trasantha Yesterday at 8:21 am

» SL Rupee reaches record lows
by Sstar Wed Feb 21, 2018 11:05 pm

» Sri Lanka's ETI affiliate says no approval for investor yet
by Sstar Wed Feb 21, 2018 11:01 pm

» Winds of Change in Sri Lanka
by Sstar Wed Feb 21, 2018 10:55 pm

» Sri Lanka to introduce a new economic plan next week
by Sstar Wed Feb 21, 2018 10:53 pm

» Market Sell Off
by DS Wijesinghe Wed Feb 21, 2018 5:14 pm

» Kzoo.N - Drama Staging on
by max shanu Wed Feb 21, 2018 12:03 pm

» Abans group failed to comply with corporate governance Rule 7.10
by fortuneteller Wed Feb 21, 2018 9:49 am

» CDB is Silent killer in Banks.
by Yahapalanaya Wed Feb 21, 2018 9:10 am

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » 13.02.2017 ASI Chart

13.02.2017 ASI Chart

Go down  Message [Page 1 of 1]

1 13.02.2017 ASI Chart on Mon Feb 13, 2017 1:35 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Technical Break-out 

2 Re: 13.02.2017 ASI Chart on Mon Feb 13, 2017 2:24 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Chart eka Kaduwak kiyapu Baiyata dan sanipa athi...

3 Re: 13.02.2017 ASI Chart on Mon Feb 13, 2017 4:57 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback
Can you explain your latest chart please.
Thx

4 Re: 13.02.2017 ASI Chart on Mon Feb 13, 2017 5:18 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Falling Wedge
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.


Figure 1: Falling wedge pattern


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#ixzz4YZ68Gepq 

5 Re: 13.02.2017 ASI Chart on Mon Feb 13, 2017 5:20 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Lower Line is Support Line.
Upper Line is Resistance Line.

according to my chart. Upper Line is broken now. that means resistance is broken now.

6 Re: 13.02.2017 ASI Chart on Tue Feb 14, 2017 7:45 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thank you for your explanation. 
Explanation of charts will focus the attention of readers as most are out of touch the technical aspects.

7 Re: 13.02.2017 ASI Chart on Sun Feb 19, 2017 10:23 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
last two days bit red days. I hope this week market move another 50-60 units.

specially Bank reports are on the way. we can expect better result from Banks sector...

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum