double bottom?, page-5

Your friend is not seeing a Double Bottom Pattern just imagining one.Too long a time and too much jagging action in between.

If you must have a target and thus disregard the news flow and success that Dyesol is becoming,one could use the Mirror Technique.

This says that the current rise MAY be the same as the last run.
Last Run was March 1st to April 13 [80 cents to 141=61cents] so 52.5+61 cents= 113.5 "target" which is about right,logically for a price that has the market absorbing that Muck actually works and in future years will be a money spinner.

If it gets over $1,our Dick Caldwell will do his Capital Raising.Hopefully the new MD Ms will be able to place in Long Term Holder Hands better than Dick's cohorts so price rises don't get stifled.

Anyhow one would be really amateur to sit back waiting for this to go back to the 50/60's to buy.
DYE was down because there was a concern TATA was going to pull out.It hasn't so DYE price is being re rated and about $1 is an interim price before further positive news.

Gundog If it was a Double Bottom on 52.5? and
IF Price broke 141?
then the target would be 229.5
but the proviso is it breaks 141.

happy trading