It's nice to know I'm not alone In saying that, I'm looking...

It's nice to know I'm not alone In saying that, I'm looking forward to this company becoming a less risky investment with a larger MC.

I noticed that too. The dip created a triple bottom on the RCEL chart and it was nice to see some support coming in during the last 2 hours:



If the share price gets there, we'll probably see sensible investors enter above RCEL$10.60, presumably on the good news we feel is coming, and take profits around the $13-$14 targets as the SP fills the big gap between $12.38-$14.17 (apparently, 9 out of 10 gaps get filled).

Triple bottom candlestick pattern trading strategy
Significance and limitations

The triple bottom chart pattern is a rare, but extremely effective reversal pattern. It’s rare since the successive creation of three equal lows doesn’t happen quite often. Therefore, the double bottom is a more frequent chart pattern as it requires one low less to happen.

On the other hand, its scarcity makes it a very strong and powerful pattern. The sellers are extremely exhausted after three consecutive attempts to break lower, which makes them exposed to a rally as buyers feel much more confident after defending a strong horizontal support.

The triple bottom formation doesn’t have any apparent weaknesses. Actually, its biggest limitation is that it doesn't occur quite often, otherwiseit would be the strongest reversal pattern out there.

It's amazing what you can find to suit ones bias.