In a technical sense, two equal lows is NOT a double bottom. At best it could be a POTENTIAL double bottom
To confirm a double bottom the price must rise above the high point between the two equal lows. In the case of MOL that would mean the SP would need to break through resistance @ $2.09
If it did that, the price target would be $2.84.
At the moment the price action is a million miles from breaking through $2.09.........so let's not get too far ahead of ourselves.
Cheers Boomer
MOL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
