Replies to post #188195 on 1812 Brewing Company Inc (KEGS)

[icehawk]

Good morning WSF. What is DB?

[CaptWhizbang]

I disagree about a Double Bottom Pattern being confirmed, WSF. A confirmation is when the pps rises above the mid peak of the pattern on the last leg of the pattern.
Here it is the second bottom, only, with no rise toward confirmation. A Double Bottom would have confirmed back at .065 during first spike.
I think people are confusing a "Double Top Pattern" which still did not confirmed as close was not under .0007....which , incidentally calls for a further fall, if confirmed.
Of course charts are open to interpretation, but I believe I am correct.
http://stockcharts.com/h-sc/ui?s=SWVC&p=D&yr=2&mn=0&dy=0&id=p09429893110&a=135869212&listNum=1