Doesn't look remotely like a triple bottom. Isn't repeating any previous low and there is no prior trend to reverse except an uptrend that already halted in it's tracks (it's a trend reversal pattern which signals the end of a trend) - Beside which, double or triple bottoms, (or tops) do not get confirmed at the point they repeat the previous lows (or highs for a top), they must wait for confirmation of the prior trend reversal when the price bounces past the mid point (imagine a W for double bottom, or M for double top: the pointy bit in the middle, OK?)
What I do see on SFR chart is a wedge, which must break up or down. My only interest is as a GTE holder, as they have $500k of SFR shares to flog, so I hope it's up, but as the MAs are all death crossed, I suspect they should have taken the chance when it was above $6. On positive side, there are two clear gaps above to be filled. I suppose the Triple Bottom you think you are seeing is the 3 touches of the uptrend line - if it is kind of valid on that basis, then what SFR holders would be looking for is a break above the $6.21 line, which got hit twice for your two midpoints of a double W, if you like - that coincides in any case with a break above the downtrend line, so comes to the same thing, I suppose. Expect SFR just need to go find a copper mine or three in GTE's N.Yerrida and we'll all be right. GL!
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Last
$10.77 |
Change
0.020(0.19%) |
Mkt cap ! $4.926B |
Open | High | Low | Value | Volume |
$10.51 | $10.77 | $10.41 | $25.33M | 2.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | $10.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.77 | 11524 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48 | 10.690 |
1 | 1595 | 10.500 |
1 | 2200 | 10.460 |
1 | 49053 | 10.430 |
3 | 1271 | 10.400 |
Price($) | Vol. | No. |
---|---|---|
10.840 | 200 | 1 |
10.890 | 5000 | 1 |
10.900 | 10267 | 2 |
10.950 | 10000 | 1 |
10.960 | 1581 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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