DBS - Market Maker Done It Again

Market Market done it again as they uses the Interest rate rise to  mark down stock price and then now mark it up again.  A forever repeating loop. No wonder there was saying that "Traders must not read News".  :-) DBS Group Holdings Ltd forms bullish "Rounded Bottom" chart pattern Jul 27, 2022 Trading Central has detected a "Rounded Bottom" chart pattern formed on DBS Group Holdings Ltd  (D05:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 31.650 to  the range of 33.300 - 33.700. The pattern formed over 41 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 a downtrend to an uptrend; there may be a sharp rally  ahead. The Rounded Bottom represents a slow and gradual reversal of the trend from down to sideways to up.  Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors  become more decisively bullish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.