The Double Bottom Formation?
Hi, i'm just a beginner in the stock market. But I just want to share what i think about OCK chart pattern.
OCK has made an obvious pattern of a double bottom.
I think this double bottom is forming a new uptrend.
First, the price has already breakout the resistance and there has been a return move back to the resistance trend line.
The resistance should have been a new support,
However the price has already break that line, but is currently rising up again.
With increase volume, i think OCK can manage to form a higher target price and will continue to form an uptrend.
Disclaimer: This is not a buy or sell signal (Especially when it comes from me; a beginner hehe)
Thank you for reading, please correct me if i'm wrong
Happy trading,
Izwanaizil (izwanaizil.com)
OCK has made an obvious pattern of a double bottom.
I think this double bottom is forming a new uptrend.
First, the price has already breakout the resistance and there has been a return move back to the resistance trend line.
The resistance should have been a new support,
However the price has already break that line, but is currently rising up again.
With increase volume, i think OCK can manage to form a higher target price and will continue to form an uptrend.
Disclaimer: This is not a buy or sell signal (Especially when it comes from me; a beginner hehe)
Thank you for reading, please correct me if i'm wrong
Happy trading,
Izwanaizil (izwanaizil.com)
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