Since I have time today, I did another research on AllGreen Properties to see what will be the latest movement of prices based on charts that I have observed. Any latest news for Allgreen? That I am not sure.
But from the chart, it is really having 2 types of "patterns" developed. One is Umbrella and the other one is Bearish Dragonfly Doji.
Umbrella show that The long lower shadow shows the evidence for buying pressure.
But bearish Dragonfly Doji showing potential reversal trend. Bearish Dragonfly Doji is not a strong signal, thus my buying price at SGD1.12 previously still hold firm till the next cycle. I am projecting it to hit SGD1.20 and we will see what happens next then.
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