the chart you've been waiting for....

For the chartists and technical "investors"

AMX Double Bottom Playing Out:

This is the chart pattern that signals a reversal of the downtrend into an uptrend. This pattern will closely resemble the shape of a "W".

See chart with circled Double-bottom pattern

The double bottom is formed when a downtrend sets a new low in the price movement.

This downward move will find support, which prevents the security from moving lower. Upon finding support, the security will rally to a new high, which forms the security's resistance point.