Bankatlantic Bancorp left the triangle in late September, but failed to give rise to a trend movement and moved sideways. If at the end of this week the price $16 will stand and will return to the level above $17 next week, double bottom pattern will form a buy signal.
Movement target is to repeat highs at $22
Comments
vlad.adrian
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My opinion is that it might for a double bottom, or an inverted H&S, or a diamond pattern, or a triple bottom or a harmonic pattern. That's the problem with trading, you never know what's coming :P