Planet Wealth - Australian Stock Market Education » Double Top – Charting Patterns http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Fri, 23 Dec 2011 00:20:36 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Double Top – Charting Patterns http://planetwealthblog.com.au/350/ http://planetwealthblog.com.au/350/#comments Sun, 01 Mar 2009 14:02:54 +0000 Planet Wealth http://planetwealthblog.com.au/?p=350
Double Top Charting Patterns

Each week the XAO is breaking support and continuing to show us bearish signals, which support the medium term flag break target (identified 15/01/09) of around 2500.

This week saw the confirmation of a double top. The neckline is a weekly support line that was breached on Monday, with the rest of the week re-testing that support line as a resistance line.  Technically, there is now nothing to hold up the XAO before 3200 and this week is likely to see another 300 taken of the index.

 

27 02 09 xao Double Top Charting Patterns

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