Maybe its not a DB but a tweezer bottom?
"A tweezer bottom occurs when the price holds twice at the exact price. The time frame can be on two consecutive days or up to around eight, any more than this and you would be looking at a double bottom formation. This formation is significant because twice in a short period of time sellers were unable to push the stock lower. Therefore, tweezers basically signify a very short-term support level."
http://www.shareselect.com.au/knowledge-bank/Technical-Analysis/Tweezer-Bottoms/
- Forums
- ASX - By Stock
- XJO
- friday's trading
friday's trading, page-112
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,140.9 |
Change
19.300(0.24%) |
Mkt cap ! n/a |
Open | High | Low |
8,121.6 | 8,150.5 | 8,121.6 |
Featured News
XJO (ASX) Chart |