The exhibits below, from “Double Bottom? This Powerful, Positive Indicator Could Be Forming,” have been updated through Friday’s close. »
Archive for August 19th, 2011
Double Bottom? This Powerful, Positive Indicator Could Be Forming
Friday, August 19th, 2011
The formation of a double bottom (a second drop to, but not below, a previous low) is a well-liked, positive indicator. This price support in the face of previous weakness shows that buyers are stepping in and offsetting sellers. This sign, in turn, can produce confidence that the previous decline is ending, thereby bringing... »