Abundance Int - Bearish Continuation Wedge

Abundance International Ltd forms bearish "Continuation Wedge"  chart pattern Oct 29, 2020 Trading Central has detected a "Continuation Wedge (Bearish)" chart pattern formed on Abundance  International Ltd (541:SGX-ST). This bearish signal indicates that the stock price may fall from  the close of 0.034 to the range of 0.010 - 0.030. The pattern formed over 19 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: After a temporary interruption, the prior downtrend is set to continue. A Continuation  Wedge (Bearish) represents a temporary interruption to a downtrend, taking the shape of two  converging trendlines both slanted upward against the trend. During this time the bulls attempt to win  over the bears, but in the end the bears triumph as the break below the lower trendline signals a  continuation of the prior downtrend.  This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary  pattern recognition technology.

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