A good strategy to play : double bottom

[sebfr]

Hi,

an another good find...OWENQ : have a look on word document. "Perfect" double bottom...
150% in one week !!!

[sebfr]

I would like to show you how we must be careful with this strategy...I repeat but it is more important to be patient than make big mistakes...LGF is a good example...

1.
yesterday a doji is formed...And it seems to be a possible double bottom.
Candelstick : on the first bottom we can see an hammer and on the second bottom a doji appeared
Volume : low between the two bottoms
Chart pattern : Lows of firt bottom and second bottom are almost similar and two months separate the two bottoms
Indicators : no divergence !! So i don't take positions...

2. Bewteen july and august a double seems to be formed
But we can see that RSI never attained an overbought situation (RSI > 70)...
It is time for me to explain a strategy to play for avoid to loss money and take sometimes profit.
You sold half of your positions when price reaches the peak of the double bottom and you hope that RSI will reach an overbought situation. By investing like that you could take profit despite bad scenario..

[sebfr]

Hi,

There is two days i bought EGAM at 0.310...Good candidate for possible double bottom and for now i am not disappointed !!! good profit yesterday...

[irod]

Nice!

I'll keep an eye on YPNT. Applaud!

[irod]

Very high volume today, but no movement. Interesting.

[supergeek]

Hey guys, with regards to LGF i have been keeping my eye on this one for a while. While I am not particularly good at TA i have noticed that this thing pretty much jumps every time they have a huge opening weekend. Just look what happened the week after both SAW movies came out and a couple other of their bigger movies. Theyve got two coming out in the next couple of months, Hostel, a horror movie with some buzz built and Madeas family reunion, a follow up to that one hit last year. if both of these are as successful as anticipated you can almost bank a 10-20% jump the following week. You could probably play this one 5 times a year for a quick 10% each time. I've done it a couple times already.
Bob

[pnguyen652004]

Is the chart of LNUX qualified for double bottom?   Thanks for your comments.

[sebfr]

Great pnguyen65200 !

This is effectively a double bottom. Time of duration : 6-7months...Personaly, i prefer find possible double bottom in 2-3 months max but you are right : a valid double bottom..Same lows, divergence on RSI and MACD and dojis, volume, all signs are green.

[sebfr]

hi,

you will find my analysis about NMGC. 100% in less than 1 month !!!

[sebfr]

Hi,

i have bought some shares of ANCC when a doji appeared...I played for a double bottom and perhaps it is !!!

yesterday price close at 1.150
First target at 1.75 (peak of double bottom)
Theoric target at 2.50-2.55

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Aurora Gold Corporation Announces That It Has Entered Into Option Agreements Over the Ouro Mil and the Sao Domingo Projects in the Tapajos Gold Province, Para State, Brazil and Has Commenced Initial Exploration Programs
11/8/2005 4:17:19 PM
VANCOUVER, BC, Nov 08, 2005 (MARKET WIRE via COMTEX) -- AURORA GOLD CORPORATION (the "Company") (ARXG) announces that the company has entered into option agreements over the Ouro Mil and Sao Domingo project areas and has commenced reconnaissance exploration programs. The Ouro Mil and Sao Domingo projects are located in the rich and largely unexplored Tapajos gold province in Para State, Brazil. The Ouro Mil project covers an area of approximately 10,000 hectares and the Sao Domingo project covers an area of approximately 5,000 hectares. ...

[sebfr]

An another interested stock...CHINA >40% gains between april and june 2005.

[sebfr]

An another example on MBEU...100% gains in 2 months

[irod]

Nice!

[sebfr]

Thanks Irod...

[sebfr]

Hi,

DHF -> double bottom...

Few gains but...