MAE 0.00% 0.0¢ marion energy limited

64 cent close today is the same as mid to late February. This is...

  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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