Doesn't look remotely like a triple bottom. Isn't repeating any previous low and there is no prior trend to reverse except an uptrend that already halted in it's tracks (it's a trend reversal pattern which signals the end of a trend) - Beside which, double or triple bottoms, (or tops) do not get confirmed at the point they repeat the previous lows (or highs for a top), they must wait for confirmation of the prior trend reversal when the price bounces past the mid point (imagine a W for double bottom, or M for double top: the pointy bit in the middle, OK?)
What I do see on SFR chart is a wedge, which must break up or down. My only interest is as a GTE holder, as they have $500k of SFR shares to flog, so I hope it's up, but as the MAs are all death crossed, I suspect they should have taken the chance when it was above $6. On positive side, there are two clear gaps above to be filled. I suppose the Triple Bottom you think you are seeing is the 3 touches of the uptrend line - if it is kind of valid on that basis, then what SFR holders would be looking for is a break above the $6.21 line, which got hit twice for your two midpoints of a double W, if you like - that coincides in any case with a break above the downtrend line, so comes to the same thing, I suppose. Expect SFR just need to go find a copper mine or three in GTE's N.Yerrida and we'll all be right. GL!
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Last
$10.16 |
Change
-0.110(1.07%) |
Mkt cap ! $4.190B |
Open | High | Low | Value | Volume |
$10.35 | $10.35 | $10.05 | $19.19M | 1.890M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6572 | $10.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.18 | 4290 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 36219 | 6.760 |
10 | 36962 | 6.750 |
8 | 31360 | 6.740 |
6 | 17781 | 6.730 |
8 | 33067 | 6.720 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 14048 | 3 |
6.790 | 31638 | 7 |
6.800 | 41939 | 10 |
6.810 | 45076 | 14 |
6.820 | 8156 | 3 |
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