Yes if you look into the theory book, that seems to be the case but in the case of AGY, it hasnt even been part of a down trend in the last 52 weeks. In a situation like this theoretically you cannot double bottom so analysing the stock through a shorter time frame may help. But regardless, Travely, you make a point.
AGY Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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