These are reversal patterns. It is a decline or advance twice to the same level (plus or minus 3%). It indicates support or resistance at that level. These are signature patterns that are playable with little or no confirmation.
Archives
Downtick
A trade is on a downtick when the last trade occurred at a price lower than the previous one.
Downtrend
Stock price is heading down.
Due Diligence
The process whereby an in-depth examination of a company’s business prospects is conducted.
Dutch Auction
A method of allocating shares in an IPO where you specify how much you’re willing to pay for how many shares.
Earnings per Share (EPS)
After tax 12-month’s earnings divided by the number of shares outstanding.
Daily Price Limit
The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price.
Day High
The highest price that a security has traded at during the day.
Day Low
The lowest price that a security has traded at during the day.
Day Order
An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.