GREY:WFEMF - Post by User
Comment by
Zynfandelon May 26, 2014 12:33pm
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Post# 22598377
RE:RE:Triple bottom?
RE:RE:Triple bottom?Following the SP collapse in 2013, we see on the WFEMF chart that the SP has hit a bottom three time around the 8-9 cents range (very strong support there). The first time the SP rebounded to around 18 cents, the second time it rebounded to around 12 cents. The second rebound was smaller then the first, this triple bottom formation (if it is one) has a downward neckline.
source: https://tutorials.topstockresearch.com/ChartPatterns/TripleBottom/TutorialsOnTripleBottomChartPattern.html
I know the limit of these technical analyses, but while we wait for more news we can at least have some fun!
Zyn