Dasin Retail Trust - Bearish Rounded Top

Dasin Retail Trust forms bearish "Rounded Top" chart pattern
Jul 13, 2020

Recognia has detected a "Rounded Top" chart pattern formed on Dasin Retail Trust (CEDU:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.790 to the range of 0.730 - 0.740. The pattern formed over 40 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: There has been a gradual shift from an uptrend to a downtrend. The Rounded Top represents a slow and gradual reversal of the trend from up to sideways to down. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bearish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround.


This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

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