As per morning's note (this post) the buy signal has been generated. We should also note oscilators' positive divergences and quite high volume.
The target from potential double bottom formation is ca.40700. This formation is quite reliable - only 3% failure rate after breakout (Encyclopedia of
Chart Patterns, T.N.Bulkowski).
Sources:
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers]
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