A “Pennant (Bearish)” chart pattern formed on DBS. This bearish signal indicates that the price may fall from the close of 8.38 to the range of 5.80 - 6.30. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved.
A Pennant (Bearish) is considered a bearish signal, indicating that the current downtrend may continue. After a steep drop in price, the pennant reflects a temporary pause in the downtrend, consisting of two converging trendlines that form a narrow, tapering flag shape.
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A “Pennant (Bearish)” chart pattern formed on DBS. This bearish signal indicates that the price may fall from the close of 8.38 to the range of 5.80 - 6.30. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved.
A Pennant (Bearish) is considered a bearish signal, indicating that the current downtrend may continue. After a steep drop in price, the pennant reflects a temporary pause in the downtrend, consisting of two converging trendlines that form a narrow, tapering flag shape.
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