Rounding Top is also described as an inverse saucer. A rounding top represents a sell signal to technical analysts. The initial upwards trend becomes exhausted as the demand for the stock dries up. The reversal to the downward slope of the rounding top indicates that demand has tapered off and a surplus supply is present, basically there are more sellers than buyers. A rounding top represents a bearish take on the stock.
Yanlord Rounding Top Dome structure is being supported at 2.12 and a failure here will initiate a fall towards the blue trend line. The warning sign has been issued for imminent hazard. Stay alert.
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