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Online Share Trading

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Double bottom

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Not applicable
I'm not an expert but have been trading for the past 2 years and recently started getting into technical analysis quite in depth. I followed this share specifically to see if the double bottom pattern would be form and I believe that it has occurred and should be going back to the R162.00 levels. Also fibonacci suggests that it has gone through the 61.8%. Anyone seen this or have any comments? Would kindly appreciate it :)
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10 REPLIES 10
Preston
Super Contributor
Excellent share, seriously oversold. huge upside potential.
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Preston
Super Contributor
Excellent share, seriously oversold. huge upside potential. Started picking up at R152.00 level
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Preston
Super Contributor
Excellent share, seriously oversold. huge upside potential. Started accumulating at R152.00 level
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Not applicable
So you holding this share at the moment?
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Preston
Super Contributor
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Preston
Super Contributor
Sorry, not actually share...SSF
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md49
Contributor
Preston - is there a reason why you choose SSF over CFD? Thought SSFs have hardly any liquidity in trades? I know CFDs are costly to hold over time - but they are far more liquid?
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Not applicable
Seems like the double bottom is happening. It breached through the 159,64 levels and to be completed could be seeing further upside to the 163.00 levels. Stochastic and RSI also look bullish. Good buy ;)
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Preston
Super Contributor
Up ,Up and Away
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Not applicable
Pattern was confirmed and through previous resistance level. Double bottom as well as fibonacci worked like a charm. Now the next level could be close to the 170 and climbing.
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