Tuesday, June 16, 2020

Hi-P - Bearish Double Top

A "Double Top" chart pattern formed on Hi-P International Ltd (H17:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 1.07 to the range of 0.94 - 0.96.



Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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