Post by
wordless on Feb 01, 2016 2:18pm
Double Bottom Confirmation?
Could today prove to be a confirmation of what appears to be a double bottom? If so, RSI is looking strong and the 200dma is at $70... So would $70 be a reasonable target for the next bounce up?
Comment by
fdfd12 on Feb 01, 2016 2:26pm
not the way to look at it. double bottom...... yes 200 day or any avg, not important to target. price must get to recent high of $56 for double bottom to be valid and the form of a W will be obvious. Then breaking of $56 or recent highs will be the BULLISH signal we are looking for. We are a little ways away from all those though.
Comment by
springisnear on Feb 02, 2016 9:09am
$75-$80. Even at that still way undervalued.