This is not what I call a "proper" double bottom. And I haven't bought today because of a double bottom.
A proper double bottom in my eyes is when a revisit to previous lows take between 1 and 3 months and has a shape that looks like the one below.
The mother of all double bottoms was with TLS back in early 2011, just before TLS embarked on a 160% return.
2.15 Billion Net Profit, page-67
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$32.70 |
Change
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Mkt cap ! $39.94B | |||
| Open | High | Low | Value | Volume |
| $32.50 | $32.80 | $32.44 | $64.53M | 1.938M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $32.68 |
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| Price($) | Vol. | No. |
|---|---|---|
| $32.70 | 767 | 1 |
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