A good strategy to play : double bottom

[sebfr]

Hi,

Three stocks to watch today :

ATUX

ECR

TGEN

[sebfr]

An another candidate...ABDE

[sebfr]

Hi,
ALLP -> an another candidate...

[wrangler]

Hi sebfr
Look at this double bottom on INSN do you think it's on the way back up. MACD is showing that it may be on an upward trend.

[sebfr]

Hi wrangler,

a good play if you have boght this stock when doji appeared...The peak of double bottom is reached 4 days ago...Ok for the first target (sold 50% of your positions) and we will see for the second target at 0.0018-0.0020...

[sebfr]

Hi,

CHID is a perfect candidate ! 

[sebfr]

An another good example -> ATA ! +80% in less than 1 month

[kslifka]

STEM and NGEN appear to be setting up for perfect double bottoms and trend reversals.  Included in the the technicals, I use Bollinger Bands. 

Here is the set up on both STEM and NGEN.

1. Notice how the first low breaks the Lower Bollinger Band.
2. The second low(double bottom) doesn't break the Lower Bollinger Band.
3. Confirmation occurs when price action breaks a downtrend and remains above the midway  point (the dotted line) between the upper and lower Bollinger Bands.

These are not always stocks on fire but stocks that are reversing a trend...These are for those that like to find bottoms and trend reversals...it is a good tool with low downside risk and for those that like peace of mind when buying stocks.

[sebfr]

Hi kslifka,

Great job...Applaud. We can find these informations in the book of John Bollinger ("Bollinger on Bollinger Bands").

When i use these strategy (perfect double bottom) i use also Bollinger bands for my first target. I have two target : first and second. First correspond to the peak of double bottom. But i use also upper bands as target....

Good trades

[wrangler]

MRY, see chart attachment, may be an excellant play
Goodluck to all

[sebfr]

Hi,

CHID was perfect ! i have closed my positions at about 0.60. Buy at about 0.40 so 50%gains !

[sebfr]

The best of the best ABDE -> buy at 0.050 and close at 0.75 so

+1500% in 11 days !!!!!!!!!!!!!!!!! My favorite...

[wrangler]

Where you been sebfr. Been watching for some of you're double bottoms.
Applauds on you're last two

[wrangler]

Hi,

ANCC -> long term...

Buy at 1.040
stop at 0.90
target at 2.450
ratio = 135.5 / 15.5 = 8.74...Great

Technicals :
Double bottom (time frame = > 6 months)

[wrangler]

Bought ANCC today @.9799