DOUBLE BOTTOM
#HINDUNIL
Perfect Bookish PATTERN . . .DOUBLE BOTTOM
- After the first trough is reached, an advance ranging from 10-20% usually take place.
- 2nd trough has been started and it is higher than the 1st trough's lowest point.
- 2nd trough took 3 weeks to form 2nd trough.
- But to confirm the pattern, volume is required.
- 2114 ~ 2125 with HUGE VOLUMES.
- After BO more up-side can be seen
Negatives:
- Main reason of falling the stock price is High Debt on Company. (D/E : 1.56)
- Company may take 2-3 Qtr. To overcome from this huge Debt.
Perfect Bookish PATTERN . . .DOUBLE BOTTOM
- After the first trough is reached, an advance ranging from 10-20% usually take place.
- 2nd trough has been started and it is higher than the 1st trough's lowest point.
- 2nd trough took 3 weeks to form 2nd trough.
- But to confirm the pattern, volume is required.
- 2114 ~ 2125 with HUGE VOLUMES.
- After BO more up-side can be seen
Negatives:
- Main reason of falling the stock price is High Debt on Company. (D/E : 1.56)
- Company may take 2-3 Qtr. To overcome from this huge Debt.
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