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Monday, 30 September 2019

Technicals of Breadtalk (SGX: CTN): 30 September 2019, Monday

Technicals of Breadtalk (SGX: CTN):
30 September 2019, Monday
(Click on the Technical Chart Above to Expand)

Attached is the latest Technicals on Breadtalk (SGX: CTN). It is listed in the Singapore SGX. The black trend lines make up the uptrend channel lines. The grey lines make up the internal lines within the channel. Breadtalk executed a fake breakup as illustrated by the first red circled region and is bearish in nature. This is followed by a breakdown of the uptrend channel suggesting a new downtrend for breaktalk unless it is able to reclaim lost ground and goes back up into the channel. A fake breakup followed by a real breakdown is often HIGHLY BEARISH in nature. Bearish on Breadtalk now. Any rebound is an exit for breaktalk based on technicals.


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