Similar Chart Pattern

odie,

1.  Stocks that are trading in long term downtrends or below the 200d SMA are in a bear-market territory, i.e. the major resistance is at the 200d SMA. 

2.  Chartwise, VARD, CITYDEV and Ausgroup are extremely strong downtrend stocks.

3.  These 3 stocks have similar chart pattern; both VARD and CITYDEV are resisted at the 100d SMA, while Ausgroup at the 50d SMA. 

4.  Using the price and the volume as a trend indicator, it is easier to trade with the (primary) trend than against it = short not long = 顺势而行。

5.  When in a bear-market territory, these downtrend stocks have a distinctive characteristic — the price movement follows the oscillators closely, especially the stochastic. (Setting at 14,3,3.)

6.  Do not trade against the major (primary) trend, the market will punish those who never obey the rules.

Examples: OCBC and STI show similarity in the stochastic

Del Monte Vs Jardine C&C

Both stocks had peaked and collapsed exactly at 41.9%.

Ichimoku chart shows Forterra and SGX have no purple cloud, i.e. without a bra.

Forterra Vs SGX