Developing rectangle formation

A rectangle formation marks a market consolidation. The longer the formation is developing, the higher pressure builds among the investors. When the formation is broken, a strong price movement in the same direction tends to happen.

Buy signals from such formations have given statistically good results, according to Investtech’s research report for several stock exchanges.

Developing rectangle formation

Pay attention when rectangle formations are developing. Strong buy signals can follow, especially if the price is also in a rising trend and volume development is positive. Breaks downward give strong sell signals, especially when the price is also in a falling trend and volume development is negative.

 

Stocks withDeveloping rectangle formation

Air Liquide
Safran SA
Orange.
Bouygues SA
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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