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Tuesday, August 26, 2014 9:06:13 PM
"W" 500% potential chart pattern WTSL $1.02 Traded at $ 5.20 on June 13, 2013 that's a 500 % up move from this point..
Double Bottom See - the chart on $WTSL a double bottom. break $1.11 confirms a reversal.. Earnings on Sept 10, Good earnings could start a big run .
This is the opposite chart pattern of the double top as it signals a reversal of the downtrend into an uptrend. This pattern will closely resemble the shape of a "W".
Figure 2: 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. The next stage of this pattern is another sell-off that takes the security down to the previous low. These two support tests form the two bottoms in the chart pattern. But again, the security finds support and heads back up. The pattern is confirmed when the price moves above the resistance the security faced on the prior move up.
Double Bottom See - the chart on $WTSL a double bottom. break $1.11 confirms a reversal.. Earnings on Sept 10, Good earnings could start a big run .
This is the opposite chart pattern of the double top as it signals a reversal of the downtrend into an uptrend. This pattern will closely resemble the shape of a "W".
Figure 2: 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. The next stage of this pattern is another sell-off that takes the security down to the previous low. These two support tests form the two bottoms in the chart pattern. But again, the security finds support and heads back up. The pattern is confirmed when the price moves above the resistance the security faced on the prior move up.
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