Triangles/Wedges These types of patterns develop as a result of contracting volatility which portend price expansion upon breakout. There are three types – symmetrical, ascending, and descending. Symmetrical triangles are the most neutral of the three variations as higher lows and lower highs converge towards the apex of the formation. If they develop early in a trend they tend to act more as an indication of pending continuation of the trend prior to development, however; ...
POWERED by Chinese smartphone users splurging billions on mobile games and online shopping, tech giants Tencent and Alibaba are racing up the elite league of the world’s most valuable companies. Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the US$500 billion league last week — briefly overtaking Facebook as the world’s fifth biggest company by market value. ...
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