Hi Oscar,The lows of 1 and 2 in your picture shows the double...

Hi Oscar,

The lows of 1 and 2 in your picture shows the double bottom or W pattern which indicated the lows of POH have been achieved. The higher low marked as 3 indicates we are now trending higher, leaving the lows of POH well behind. So you are correct in one sense - we are are not mired in the very lows.

Anyway, let's revisit the long term double bottom and cup with a handle pattern which is meant for long term investors and holders of POH, as these patterns take a long time to form.



As can be seen in the chart below, we are still forming the handle, and will need to breakout of the price level marked by the handle. Once we breakout of the handle with volume, we will then have a very strong upmove with the price target measured as the depth of the cup from the successful outbreak level...which will make the waiting well worth for:)

Technically, if we draw the uptrend channel over the last couple of weeks, we are hitting some resistance currently, so it's not plain sailing in the move to test the outbreak of the handle- we are still subjected to upswings and downswings as POH attempts to move to the handle level for the test of the outbreak....which shows...

PATIENCE is a virtue to reap that massive pattern of profit outbreak!

May the best prices be yours,

dascore