MAE 0.00% 0.0¢ marion energy limited

double bottom

  1. 69 Posts.
    64 cent close today is the same as mid to late February. This is looking like a classic Double bottom.
    Definition of a double bottom as found on Google.
    "The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.
    Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed."

 
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