iFAST Corp Ltd - Bearish Rounded Top

iFAST Corp Ltd forms bearish "Rounded Top" chart pattern Jun 17, 2022 Trading Central has detected a "Rounded Top" chart pattern formed on iFAST Corp Ltd (AIY:SGX-ST).  This bearish signal indicates that the stock price may fall from the close of 4.030 to the range  of 1.500 - 1.900.  The pattern formed over 74 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. Yield price at close of 4.03 Year Yield Total Amount Ex Date Pay Date Particulars 2022 0.60% SGD 0.024 SGD0.01 2022-05-23 2022-06-03 Rate: SGD 0.01 Per Security SGD0.014 2022-05-06 2022-05-19 Rate: SGD 0.014 Per Security 2021 1.09% SGD 0.044 SGD0.013 2021-11-01 2021-11-16 Rate: SGD 0.013 Per Security SGD0.011 2021-08-03 2021-08-17 Rate: SGD 0.011 Per Security SGD0.01 2021-05-18 2021-06-04 Rate: SGD 0.01 Per Security SGD0.01 2021-05-03 2021-05-17 Rate: SGD 0.01 Per Security 2020 0.79% SGD 0.032 SGD0.008 2020-11-02 2020-11-13 Rate: SGD 0.008 Per Security SGD0.0075 2020-08-03 2020-08-19 Rate: SGD 0.0075 Per Security SGD0.0075 2020-05-22 2020-06-05 Rate: SGD 0.0075 Per Security SGD0.009 2020-05-08 2020-05-19 Rate: SGD 0.009 Per Security