So much talk about a potential triple bottom reversal I thought...

So much talk about a potential triple bottom reversal I thought I might tell the rest of the story.

1. Resistance Break: As with many other reversal patterns, the Triple Bottom Reversal is not complete until a resistance breakout. The highest point of the formation, which would be the highest of the intermittent highs, marks resistance.

I have next resistance at 8c and 8.5c, Time will tell to see if it is a triple bottom. As you can see on the chart below the SP has dipped below the long term support line and could not break through today. Next week will be interesting either way.

And before posters chime in with "charts don't mean anything regarding a stock that's only 18 months old" I sold at 10c because of the charts and now have my re entry at 5.4c.

http://stockcharts.com/school/doku....nalysis:chart_patterns:triple_bottom_reversal