MetroPCS Communications, Inc. (PCS)

[bowonwing]

PCS @ $7.96 Triple Bottom Breakdown per stockcharts.com free charts, stock scans.

"A triple bottom breakdown is similar to a double bottom breakdown except that the price at which the breakdown occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of support (area where buyers are willing to buy the stock and create demand that outstrips supply) than what is seen on a double bottom. The breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down."

So again, as per previous post, IMO it is crucial that we stay above $7.85, the current 52 week and all time low. As above a "breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down." If PCS breaks down and closes <$7.85 I do not know what the bottom will be for us.