Capland Ascott - 10 Feb 2025

Price Action Analysis for CapLand Ascott Trust (HMN-SGX)

1. Trend Analysis:

• Overall Trend: The stock is in a downtrend, as evidenced by a series of lower highs and lower lows.
• Recent Highs and Lows:
  • Lower Highs: 1.130, 1.100, 1.030, 0.985, 0.955
  • Lower Lows: 1.050 → 1.000 → 0.925 → 0.870 → 0.840 → 0.865
• Signs of Trend Weakening:
  • The price is currently consolidating around the 0.875 level.
  • Smaller trend bars and overlapping price action suggest possible exhaustion in the downtrend.
  • The presence of bullish reversal patterns near support levels.

2. Key Price Action Signals:

• Strong Trend Bars:
  • Red bars with follow-through indicate strong selling momentum.
  • Green bars at support levels show buying interest.
• Reversal Bars:
  • A bullish reversal (long lower wick) at 0.870 and 0.865, indicating demand.
  • Bearish engulfing candles around 0.985 and 0.915, confirming resistance.
• Inside Bars & Consolidation:
  • The recent price action near 0.875 suggests consolidation.
  • Potential breakout scenario if price clears 0.900 or breaks below 0.865.
• Doji Bars & Context:
  • Dojis appear at 0.885 and 0.920, indicating market indecision.

3. Support & Resistance Levels:

• Support Zones:
  • 0.840 - 0.870: Strong demand area.
  • 0.865 - 0.885: Holding as short-term support.
• Resistance Zones:
  • 0.915 - 0.920: Prior support turned resistance.
  • 0.985 - 1.000: Major supply zone.

4. Breakout & Pullback Analysis:

• Breakouts:
  • Weak breakouts near 0.900, as seen by long upper wicks.
  • A strong breakout above 0.920 could trigger a bullish move.
• Pullbacks:
  • Current price testing previous support-turned-resistance at 0.885.
  • A deeper retracement to 0.850 - 0.865 could attract buyers.

5. Market Context & Trading Bias:

• Current Market Condition: Ranging within a broader downtrend.
• Potential Trend Change Signals:
  • If price breaks and holds above 0.920, it could signal trend reversal.
  • A move below 0.850 would confirm further downside.
• Trader Sentiment:
  • Bearish Bias as long as price stays below 0.920.
  • Watch for a bullish breakout above 0.920 or buying interest near 0.865.

Conclusion:

• Bearish Trend with Possible Reversal Signs.
• Key Levels to Watch: 0.865 (support) & 0.920 (resistance).
• Potential Trading Setup:
  • Breakout Trade: Buy above 0.920 with a target of 0.955 - 0.985.
  • Support Bounce: Buy near 0.865 - 0.870 if price shows reversal signals.
  • Short Opportunity: If price breaks below 0.850, target 0.840 - 0.825.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

Dividend:  6.49%

CapLand IntCom Trust - 07 Feb 2025

Price Action Analysis for C38U (CapLand IntCom Trust) - SGX

1. Trend Analysis:

• Overall Market Structure: The market appears to be in a long-term trading range with alternating periods of uptrends and downtrends.
• Recent Highs & Lows:
  • Higher highs: 2.35, 2.30, 2.24, 2.20 (indicating past bullish strength).
  • Lower highs: 2.08, 2.02, 1.99 (showing trend weakening).
  • Lower lows: 1.92, 1.74, 1.68 (indicating bearish phases).
• Trend Weakening Signs:
  • Price has struggled to make a sustained move above 2.00 recently.
  • Strong counter-trend moves suggest uncertainty (e.g., rapid declines after peak formations).

2. Key Price Action Signals:

• Strong Trend Bars:
  • Bullish trend bars: Found around 1.95, 1.97, 1.99, showing upward momentum.
  • Bearish trend bars: 2.08, 2.02, indicating strong sell-offs.
• Reversal Bars:
  • Pin bars (long wicks): Visible around 1.86, 1.91, suggesting strong buying interest at lower prices.
  • Engulfing bars: Strong bullish engulfing bars around 1.82 - 1.86, signaling possible trend reversals.
• Inside Bars (Consolidation Areas):
  • Found in tight price action zones around 1.90 - 1.93, indicating indecision before a breakout.
• Doji Bars (Indecision Signals):
  • Present near 1.98 - 2.00, suggesting market hesitation before deciding on a direction.

3. Support & Resistance Levels:

• Major Resistance:
  • 2.00 - 2.08 (past key rejection areas).
  • 2.15 - 2.24 (historical supply zone).
• Major Support:
  • 1.90 - 1.92 (current price bouncing area).
  • 1.80 - 1.86 (strong buying zones).
  • 1.68 (historical strong support).

4. Breakout & Pullback Analysis:

• Breakouts:
  • Weak breakouts seen above 2.00 (long wicks show rejection).
  • A strong breakout with volume above 2.08 could confirm bullish momentum.
• Pullbacks:
  • The current retracement from 1.90 - 1.98 suggests an attempt to resume an uptrend.
  • If price pulls back and holds above 1.90, a bull flag formation may develop.

5. Market Context & Trading Bias:

• Current Phase: Transitioning from a downtrend to a possible uptrend (if 1.90 holds).
• Trader Psychology:
  • Fear: Seen in sharp sell-offs near 2.08 - 2.00.
  • Greed: Buyers stepping in at 1.90 - 1.92.
  • Indecision: Small-bodied candles near 2.00 suggest hesitation.

Conclusion:

• Short-Term Bias: Bullish if 1.90 holds, targeting 2.00 - 2.08.
• Long-Term Bias: Neutral to bearish unless price clears 2.15 convincingly.
• Trade Watchlist: Look for buying opportunities above 1.90 and breakout confirmations above 2.00.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

Dividend:  5.59%

Mapletree Ind - 07 Feb 2025

Price Action Analysis for ME8U (Mapletree Industrial Trust)

1. Trend Analysis

• Primary Trend: The chart shows a downtrend from 2021 to early 2024, with lower highs and lower lows forming consistently.
• Recent Highs/Lows: The last significant lower high was around 2.59 in late 2023, followed by a lower low at 2.10 in early 2024.
• Trend Weakening? Some short-term rallies occur (e.g., mid-2023 and early 2024), but they fail to sustain, leading to further decline.

2. Key Price Action Signals

• Strong Trend Bars: Downward movements (red bars) often have strong follow-through, confirming bearish momentum.
• Reversal Bars: Some bullish reversals (green bars) appear near key support levels (e.g., 2.12, 2.18, 2.17), but they struggle to sustain.
• Inside Bars & Consolidation: Sideways movement seen around 2.20–2.25, showing a temporary balance between buyers and sellers.
• Doji Bars: Appear frequently at turning points, signaling indecision before trend continuation.

3. Support & Resistance Levels

• Support Levels:
  • 2.10 - 2.12 (Recent lows, tested multiple times)
  • 2.17 - 2.18 (Short-term bounce points)
• Resistance Levels:
  • 2.30 - 2.35 (Recent rejection zone)
  • 2.55 - 2.59 (Last significant high before falling further)

4. Breakout & Pullback Analysis

• Breakouts:
  • Many breakdowns occur after small consolidations, confirming the downtrend.
  • Weak bullish breakouts that fail at resistance (e.g., 2.55, 2.30).
• Pullbacks: Short-lived bullish rallies that lead to further selling, indicating a strong downtrend with brief relief rallies.

5. Market Context & Trading Bias

• Current Market Condition: Bearish, with occasional rebounds.
• Potential Trend Change? Watch if 2.10 support holds; a break below could continue the downtrend, while a break above 2.30–2.35 could signal recovery.
• Trader Psychology: Fear and bearish sentiment dominate, with traders selling rallies rather than holding long positions.

Conclusion

• Bearish Bias: Until key resistance levels (2.30–2.35) are broken, the downtrend remains intact.
• Possible Play: Watch for bounce trades at 2.10–2.12 or breakout trades above 2.35 for potential trend shifts.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend:   6.40%

Ascendas Reit - 07 Feb 2025

Price Action Analysis for CapLand Ascendas REIT (A17U) – 1D Chart

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1. Trend Analysis

• Primary Trend: The stock is currently in a downtrend, evident from the series of lower highs and lower lows since mid-2023.
• Recent Price Action:
  • The most recent lower high: ~$2.66 (marked in red)
  • The most recent lower low: ~$2.51 (marked in green)
  • The price is now attempting to break above $2.64, possibly forming a reversal attempt.
• Trend Weakening Signs:
  • There are multiple failed breakout attempts (e.g., $2.80, $2.82, and $2.99).
  • Recent price action shows overlapping bars and smaller candles, indicating indecision.

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2. Key Price Action Signals

• Strong Trend Bars:
  • The last bullish candle (Feb 7, 2025) shows a strong move above $2.60 with decent follow-through.
  • However, previous breakouts around $2.66–$2.69 were rejected, signaling potential resistance.
• Reversal Patterns:
  • Double bottom formation around $2.51–$2.53 (Nov 2024 & Jan 2025) suggests possible support.
  • If price moves past $2.66 resistance, it could confirm a short-term bullish reversal.
• Inside Bars:
  • Multiple consolidation areas (e.g., Nov 2023 and Jan 2024), indicating supply/demand imbalance.
• Doji Candles:
  • Found near $2.55 support zone, signaling market indecision.

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3. Support & Resistance Levels

• Major Resistance Zones:
  • $2.66 – $2.69: Previously rejected levels.
  • $2.80 – $2.83: Previous supply zone where sellers dominated.
  • $2.99: A psychological resistance level where price reversed sharply.
• Major Support Zones:
  • $2.51 – $2.53: Strong historical support.
  • $2.55: A recent pivot level showing buyers stepping in.

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4. Breakout & Pullback Analysis

• Breakout Strength:
  • The current push above $2.60 is relatively strong, but needs confirmation above $2.66 for bullish continuation.
• Pullback Behavior:
  • The previous pullbacks have been deep, indicating a weak bullish momentum.
  • If price retests $2.55 and holds, it may confirm a higher low.

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5. Market Context & Trading Bias

• Current Market Phase: The stock is transitioning from a downtrend to a possible range-bound phase, with a potential short-term reversal.
• Trader Psychology:
  • Buyers are attempting to take control around $2.55–$2.60.
  • Sellers are still active around $2.66.
  • If bulls fail to push past $2.66, expect further downside towards $2.55.
• Potential Trade Ideas:
  • Bullish bias: Wait for a confirmed breakout above $2.66 with strong volume.
  • Bearish bias: Look for rejection at $2.66 for a potential short trade targeting $2.55.

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Final Thoughts:

• The market is at a critical level, deciding between a bullish breakout or a range-bound continuation.
• Watch for volume confirmation at key resistance levels.
• A move above $2.66 could signal a bullish reversal, while rejection could lead to another test of $2.55–$2.51.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend  5.78%

DBS - 06 Feb 2025

DBS Stock Chart Analysis (Price Action & Volume-Based)

Timeframe: Daily (1D)
Exchange: SGX
Last Close: SGD 44.32 (as of February 6, 2025)

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1️⃣ Trend Direction & Market Structure

• Overall Trend: Uptrend (higher highs and higher lows)
• Long-Term Structure: A clear bull trend since early 2023, with steady higher lows and breakout points.
• Key Phases:
  • Accumulation (July - October 2022): Price was consolidating in the SGD 26 - 30 range before a breakout.
  • Expansion (November 2022 - July 2023): Sharp rise with price steadily trending upwards.
  • Corrections (August - November 2023): Pullbacks to SGD 30 - 31 area before resuming the uptrend.
  • Parabolic Move (Late 2024 - February 2025): Price surged towards SGD 45.44, showing strong momentum.

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2️⃣ Support & Resistance Levels

• Key Support:

  • SGD 38.50 - 39.70 (Prior resistance turned support, volume-backed pullbacks)
  • SGD 35.35 - 36.00 (Confirmed by multiple bounces)
  • SGD 30.50 - 31.50 (Long-term demand zone, previous consolidation range)

• Key Resistance:

  • SGD 45.44 (Current peak and new high)
  • SGD 43.02 - 44.95 (Recent resistance cluster before breaking out)
  • SGD 39.70 - 40.00 (Prior strong resistance zone before breaking above)

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3️⃣ Candlestick Patterns & Volume Analysis

• Significant Candlestick Formations:

  • Engulfing Patterns (July 2023 & October 2023): Marked trend reversals at key support zones.
  • Doji & Indecision Candles (November 2023 & December 2023): Showed signs of trend exhaustion before breakouts.
  • Hammer (January 2024 @ SGD 38.50): Bullish reversal confirmed with rising volume.
  • Bearish Hanging Man (February 2025 @ SGD 45.44): Possible reversal signal if confirmed with selling pressure.

• Volume Interpretation:

  • Volume spikes during breakouts (August 2023, December 2023, January 2025).
  • Drying volume on pullbacks, indicating no strong selling pressure.
  • Climax Volume (Near SGD 45.44): Potential exhaustion at highs, signaling a need for caution.

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4️⃣ Trade Setups & Risk Management

✅ Pullback Buy Setup

• Buy Zone: SGD 38.50 - 39.70 (strong support with demand)
• Stop-Loss: Below SGD 37.50 (previous support level)
• Target: SGD 45.00 - 46.00
• Risk-Reward Ratio: ~1:3

✅ Breakout Play

• Entry: Above SGD 45.50 (confirmation of breakout)
• Stop-Loss: Below SGD 44.00 (recent resistance)
• Target: SGD 48.00 - 50.00
• Risk-Reward Ratio: ~1:2

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⚠️ Risk Management

• Use tight stops on breakout trades to avoid fake breakouts.
• Wait for confirmation candles on pullbacks before entering long.
• Monitor volume spikes at resistance for potential reversals.

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Conclusion:

• Strong Uptrend but facing resistance near SGD 45.44.
• Look for pullbacks to SGD 38.50 - 39.70 for better entries.
• Breakout traders should wait for volume confirmation above SGD 45.50.
• Watch for exhaustion signals if volume spikes but price fails to move higher.

📌 Final Thought:

This stock remains bullish, but managing risk near SGD 45.44 resistance is crucial. If a correction occurs, buyers should wait for support zones to enter.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend   4.87%

Credit Bureau Asia - 05 Feb 2025

Price Action Analysis for CREDIT BUREAU ASIA (SGX: TCU)

Timeframe: 1D (Daily Chart)

1. Trend Direction & Market Structure:

• The stock was in a long-term downtrend from early 2021 to late 2023, making lower highs and lower lows.
• Recent price action (since December 2023) shows a strong bullish reversal, breaking out from the prior range.
• Current Trend: Bullish (Higher Highs & Higher Lows forming)

2. Key Support & Resistance Levels:

• Resistance:
  • $1.30 - $1.35 (strong supply zone; previous highs from early 2022)
  • $1.25 (recent rejection point in early February 2025)
• Support:
  • $1.16 (recent pullback level; potential demand zone)
  • $1.00 - $1.02 (psychological level, previous resistance turned support)
  • $0.90 - $0.95 (historical base before breakout)

3. Candlestick Patterns & Volume Analysis:

• Bullish Breakout:
  • December 2023 - January 2024: Breakout above long-term consolidation around $0.90 - $1.00, confirmed by increasing volume.
  • February 2025: Price action forming a potential bull flag after strong bullish momentum.
• Key Candlestick Patterns:
  • Bullish Engulfing Pattern near $1.00 before the breakout.
  • Hammer Candlestick near $1.16, signaling buyers stepping in at support.
  • Possible Hanging Man at $1.25, which could indicate short-term exhaustion if volume dries up.
• Volume Analysis:
  • Volume spike on breakout from $1.00 to $1.24, suggesting strong demand.
  • If volume decreases on pullback, it confirms a healthy retracement before another leg up.

4. Trade Setups & Risk Management:

• Pullback Buy Opportunity:
  • Buy Zone: $1.16 - $1.20 (previous breakout level + demand zone)
  • Stop-Loss: Below $1.12 (previous swing low)
  • Take Profit: $1.30 - $1.35 (next resistance zone)
• Breakout Play:
  • Entry: Above $1.26 (with strong volume)
  • Stop-Loss: Below $1.22 (recent low)
  • Take Profit: $1.35 (prior resistance)

Conclusion:

• Bullish Momentum: Price has transitioned from a downtrend to an uptrend, supported by volume.
• Key Decision Point: If price holds above $1.16, the uptrend remains intact.
• Next Move: Watch for a breakout above $1.25 - $1.30, or a healthy pullback to $1.16 - $1.20 for a buy setup.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend: 3.25%

Pan United - 04 Feb 2025

Price Action & Volume Analysis for PANUNITED (SGX)

Stock Price: 0.645 SGD (+3.20%)

1️⃣ Trend Analysis:

• Overall Trend: Bullish – The price has been in an uptrend since early 2024, making higher highs and higher lows consistently.
• Breakout Confirmation: The recent price surge past 0.600 SGD shows strong bullish momentum.
• Moving Averages (Implied): The blue line suggests a dynamic support level, reinforcing the uptrend.

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2️⃣ Key Support & Resistance Levels:

• Support Levels:

  • 0.535 SGD (Recent pullback base)
  • 0.515 SGD (Volume-supported demand zone)
  • 0.450 SGD (Historical consolidation zone)

• Resistance Levels:

  • 0.655 SGD (Immediate resistance, potential breakout level)
  • 0.675-0.700 SGD (Next target if momentum holds)

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3️⃣ Price Patterns & Candlestick Formations:

Significant Patterns Identified:

✅ Breakout Structure:

• The stock has been forming ascending support levels, leading to an explosive breakout past 0.600 SGD.
• The volume spike on the breakout confirms strong buying interest.

✅ Support Retests & Accumulation Zones:

• 0.515 SGD - 0.535 SGD: Previous consolidations indicate buyers stepping in at these levels.
• The green highlighted areas mark key demand zones, where past price action shows buying pressure.

✅ Bear Traps & Liquidity Zones:

• False breakdowns near 0.515 SGD (November 2024) trapped weak sellers, fueling the latest rally.

✅ Bullish Candlestick Formations:

• Engulfing Candle near 0.515 SGD (November 2024): Confirmed reversal.
• Hammer at 0.535 SGD (January 2025): Indicated trend continuation.
• Breakout Candle above 0.600 SGD: High volume confirms strong demand.

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4️⃣ Volume Analysis & Liquidity Traps:

• Volume Surge on Breakout: The breakout past 0.600 SGD saw significantly increased volume, confirming strong buy-side interest.
• Drying-Up Volume in Consolidation Zones:
  • Between 0.515 SGD - 0.535 SGD, volume decreased, signaling accumulation before the breakout.
• Bear Traps at 0.515 SGD: Sudden price dips were absorbed by strong buyers, leading to the latest surge.

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5️⃣ Trade Setups & Risk Management:

Pullback Buy Levels:

• Entry Zone: 0.600 - 0.620 SGD (Previous breakout level, now acting as support)
• Stop Loss: Below 0.585 SGD (Invalidation level for the breakout)
• Target: 0.675 - 0.700 SGD

Breakout Play:

• Trigger: Sustained breakout above 0.655 SGD with volume
• Stop Loss: Below 0.635 SGD (Previous resistance turned support)
• Profit Target: 0.700 SGD+

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🔍 Summary & Final Thoughts:

✅ Bullish Trend Intact: Higher highs/lows, strong breakout.
✅ Key Support at 0.535 SGD, Resistance at 0.655 SGD.
✅ Strong Volume Confirmation: Buyers stepping in.
✅ Pullback Buy & Breakout Trade Levels Clearly Defined.

🎯 Potential Play:

• A healthy pullback to 0.600 SGD would be an ideal buy opportunity.
• If price breaks 0.655 SGD with strong volume, expect further upside to 0.700 SGD+.

📌 Risk Management: Stick to defined stop-loss levels to protect capital.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend:  4.00%

SBS Transit - 3 Jan 2025

Price Action & Volume Analysis for SBS Transit (S61 - SGX)

1. Trend Overview

• The stock shows a downtrend from its peak near 2.75 SGD (July 2023) to the current level of 2.43 SGD (February 2025).
• Lower highs and lower lows indicate a bearish structure.

2. Key Support & Resistance Zones

• Support Levels:

  • 2.38 - 2.39 SGD (November 2024) – A strong demand zone with price rejection.
  • 2.35 SGD (October 2024) – A significant low with a reversal attempt.
  • 2.41 - 2.43 SGD (February 2025) – Holding as minor support.

• Resistance Levels:

  • 2.50 - 2.52 SGD (August 2024 & November 2024) – Failed breakouts indicate strong supply.
  • 2.56 - 2.65 SGD (April 2024 to June 2024) – A previous consolidation zone that acted as resistance.
  • 2.75 SGD (July 2023) – Major swing high.

3. Volume Analysis

• Increased volume near lows (October 2024 & November 2024) suggests accumulation.
• Declining volume in recent weeks (January 2025 - February 2025) indicates weak buying interest.
• Heavy selling volume (July 2023, April 2024) confirmed bearish breakdowns.

4. Current Market Sentiment

• Price hovering near support (2.41 - 2.43 SGD) with low volume → Potential range-bound movement.
• If price breaks below 2.38 SGD, further downside towards 2.35 SGD is likely.
• If price reclaims 2.50 SGD, it may attempt a trend reversal.

5. Trading Outlook

• Bullish Signal: Needs a breakout above 2.50 - 2.52 SGD with strong volume.
• Bearish Signal: A close below 2.38 SGD may trigger more downside.
• Neutral Zone: Between 2.41 - 2.46 SGD, waiting for direction confirmation.

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Dividend:   4.5%

J2T - Hock Lian Seng - 31 Jan 2025

Price Action Analysis

1. Trend Analysis:

   • The stock has been in a long-term downtrend from 2017 to 2021, with lower highs and lower lows.
   • Accumulation Phase (2021 - 2023): Price remained in a tight range between $0.21 - $0.30, indicating potential accumulation.
   • Breakout in 2024: Price is now moving above key resistance levels, signaling a possible new uptrend.

2. Key Support & Resistance Levels:

   • Support: Around $0.24 - $0.28, where price consolidated in 2023.
   • Resistance: $0.42 - $0.465 (next major level), followed by $0.52 - $0.53 (previous highs in 2018).

3. Breakout Confirmation:

   • The price closed above $0.40, confirming a breakout from the multi-year range.
   • A retest of $0.38 - $0.40 could offer a buying opportunity if the level holds as support.

4. Momentum & Volume:

   • The recent price surge is backed by strong bullish momentum, suggesting further upside.
   • Volume is increasing, indicating buying interest.

5. Price Projection:

   • If the breakout sustains, next targets: $0.465 → $0.52 → $0.53.
   • A failure to hold $0.38 - $0.40 could lead to a retracement towards $0.30 - $0.32.

Conclusion:
Hock Lian Seng (J2T) is showing a bullish breakout after a long consolidation phase. Watch for a successful retest of $0.40 for continuation towards $0.465 and higher. If price falls below $0.38, a deeper pullback may occur.

Dividend: 3.57%

Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Trading involves significant risk of loss and you should consult with a financial advisor before making any investment decisions.

Wilmar International Ltd Forms Bullish "Diamond Bottom - 31 Jan 2025

What does this stock chart says?

Trading Central has detected a "Diamond Bottom" chart pattern formed on Wilmar International Ltd (F34:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 3.120 to the range of 3.210 - 3.230. The pattern formed over 39 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 seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.

The Diamond Bottom pattern 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 upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.

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