StockFetcher Forums · General Discussion · Double bottoms , confirmed reversal -help / THanks all<< >>Post Follow-up
makeroftrades
29 posts
msg #28161
Ignore makeroftrades
8/30/2003 2:36:29 PM

what would be the technicals id need thanks , im not that swift on this technical stuff, but i get alot from the ones that do offer help and technicals for the plug and scan plays , thanks

happy holidays to all and be safe


deprez
60 posts
msg #28162
Ignore deprez
8/30/2003 3:59:36 PM

Double bottoms mean a support has been found.
If your price is higher than the intermediate peak and
the second bottom is a little higher than the first,
you may have a nice reversal.
If your price can't beat the intermediate peak, then
a consolidation pattern/rectangle may be forming
between your peak and the double bottoms.
You will have to wait for a confirmed breakout from that peak.
Make sure you also take a look at your primary support/resistance trendlines.
They may have more information for you as will other indicators
e.g. MACD,RSI,ROC,MA Crossovers etc.


Hope this helps.

Geodepe


StockFetcher Forums · General Discussion · Double bottoms , confirmed reversal -help / THanks all<< >>Post Follow-up

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