Get started
Chartimistic

EXAS - Double-Bottom Bullish Divergence

Long
Exact Sciences Corporation (NASDAQ:EXAS)  
Chartimistic  
NASDAQ:EXAS   Exact Sciences Corporation
Rectangle Technical Indicators Support and Resistance EXAS Double Bottom rsibullishdivergence healthcare
3
0
rectangle indicator supportandresistance exas doublebottom rsibullishdivergence healthcare
The stock price broke down from its consolidation in September which dated back to early June. The price has recently bounced off a similar low creating a double-bottom pattern. While this double-bottom was created a bullish divergence formed between the price & RSI indicator.

I would expect the price to continue rising & to eventually test the breakdown level around $106.50.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.