ronbanged2 schreef:
Crucell outperforming today.
Double bottom?
It could be forming a double bottom on the US chart, not as noticeable on the Eurochart due to the currency effect and the crash after the last earnings.
stockcharts.com/h-sc/ui?s=CRXL&p=W&b=...PATTERN CHARACTERISTICS
#7 Bullish! A double bottom occurs after a downward price trend. High volume commonly occurs on the first bottom.
Pattern Shape - Shaped like a big upper case W that usually takes approxiately 4 months worth of time to complete the formation pattern.
Trading Tactics - 2/3s of the double bottom throw back to the breakout price. Therefore, consider waiting for the throwback and reversal for prices to head upward again.
WINs® - Bottoms humps that are closer together usually show larger price gains and breakouts. It is suggested that you average down or leg into positions with sideshows.