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Alias Born 05/06/2015

Re: None

Wednesday, 06/17/2015 3:03:40 PM

Wednesday, June 17, 2015 3:03:40 PM

Post# of 29220
Here's Something Interesting


Double-Bottom / Declining Wedge

StockCharts: Use a 1 yr, 6 mo Log chart

FIRST --- Upper Trend-Line
Start a line from the March 20, 2014 high
Then draw it to the June 16, 2015 low

SECOND --- Lower Trend-Line
Start a line from the Feb 11, 2014 low
Then Draw it to the May 29, 2015 low

THIRD --- Bottom Reversal
Now, there you have two major Trend-Lines
both offering two major support levels for a
creative "Double Bottom".

These Trend-lines are formed from a long
term Declining Narrowing Wedge, which
had a upward price breakout on June 2nd,
which the price just re-tested on a pullback
to that same "Upper Trend-Line" breakout
point, on the June 16th low.


An Easy Long Term Target Of $2.00 - $3.00
Volume:
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  • 3M
  • 6M
  • 1Y
  • 5Y
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