EXAS - Double-Bottom Bullish Divergence
The stock price broke down from its consolidation in September which dated back to early June. The price has recently bounced off a similar low creating a double-bottom pattern. While this double-bottom was created a bullish divergence formed between the price & RSI indicator.
I would expect the price to continue rising & to eventually test the breakdown level around $106.50.
I would expect the price to continue rising & to eventually test the breakdown level around $106.50.
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