Fishing At The Bottom (TLAB) & (SVM)

Here are a couple of stocks that share some characteristics of multi year lows and almost complete bullish pattern formations
First up is Tellabs Inc (TLAB) which has formed a 6-months H&S Bottom with neck line at 2.27. A close above that, completes the pattern.

tlab, Tellabs, Head and Shoulders Bottom

TLAB Daily

Next is a silver stock Silvercorp Metals (SVM) which as formed a sloppy triple bottom with a neck line at 3.21.

triple bottom, svm, silver, silvercorp, silvercorp metals

SVM Daily

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s