JK PAPER Coming out of double bottom.
Stock is already in uptrend with big volume.
Price is consolidating for 10 weeks.
Shakeout of week holders as price closed (D) below previous low close (B).
Volume drying up near base of the pattern.
As price is coming out of base and trading above 50 MA near the neck of the double bottom.
Details on chart.
Stock is already in uptrend with big volume.
Price is consolidating for 10 weeks.
Shakeout of week holders as price closed (D) below previous low close (B).
Volume drying up near base of the pattern.
As price is coming out of base and trading above 50 MA near the neck of the double bottom.
Details on chart.