June 21, 2009
TOL Forming a Double Bottom?
By Planet Wealth
TOL has been making consistent Higher Peaks and Higher Troughs in a channel since the beginning of March. Now at a significant support what could be the next possible target for this stock?
A potential Double Bottom could forming on the $6.45 weekly support line. Should this be validated with another Higher Trough it is likely TOL could head to at least $7.50 which is the next resistance level in conjunction with the overall down trend.
If the Double Bottom fail a retest of the next support level down at $5.85 is likely.
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Topics: bullish signal, trading patterns, trading tips | No Comments »
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