Haw Par - Continuation Diamond

Haw Par Corp Ltd forms bearish "Continuation Diamond" chart pattern Mar 04, 2022 Trading Central has detected a "Continuation Diamond (Bearish)" chart pattern formed on Haw Par Corp Ltd (H02:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 11.390 to the range of 10.300 - 10.600. The pattern formed over 68 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: The price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. The Continuation Diamond (Bearish) begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks downward out of the diamonds boundary lines, it marks the resumption of the prior downtrend. This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology. Yield based of Friday Closing price of 11.39 Year Yield Total Amount Ex Date Pay Date Particulars 2022 1.32% SGD 0.15 SGD0.15 2022-05-09 2022-05-26 Rate: SGD 0.15 Per Security 2021 2.63% SGD 0.3 SGD0.15 2021-08-26 2021-09-13 Rate: SGD 0.15 Per Security SGD0.15 2021-04-30 2021-05-19 Rate: SGD 0.15 Per Security 2020 2.63% SGD 0.3 SGD0.15 2020-08-20 2020-09-08 Rate: SGD 0.15 Per Security SGD0.15 2020-06-17 2020-07-03 Rate: SGD 0.15 Per Security 2019 10.10% SGD 1.15 SGD0.15 2019-08-20 2019-09-04 Rate: SGD 0.15 Per Security SGD0.15 2019-05-03 2019-05-15 Rate: SGD 0.15 Per Security SGD0.85 2019-05-03 2019-05-15 Rate: SGD 0.85 Per Security