Double Bottom on LC?

LC traders cheer as LC went up at high as 0.440 but settled for 0.435 at the closing. Is LC forming a Double Bottom?

The Double Bottom is a trend reversal formation. This formation occur after extended downtrends when two valleys or “bottoms” have been formed.

Caveat!

2 Responses to Double Bottom on LC?

  1. Z Alex Ponce says:

    well by the looks of it,it s possibly a double bottom. But double or not i will be buying it for the reason that its on the support level already. :-)

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