Planet Wealth - Australian Stock Market Education » TOL Forming a Double Bottom? http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Thu, 29 Jul 2010 10:04:24 +0000 en hourly 1 http://wordpress.org/?v=3.0 TOL Forming a Double Bottom? http://planetwealthblog.com.au/tol-forming-a-double-bottom/ http://planetwealthblog.com.au/tol-forming-a-double-bottom/#comments Sun, 21 Jun 2009 12:04:10 +0000 Planet Wealth http://planetwealthblog.com.au/?p=649
TOL Forming a Double Bottom?

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.

170609 tola1 TOL Forming a Double Bottom?

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