Double Bottom + Indicators

١٩ ديسمبر ٢٠١٢

The stock has formed a double bottom around the $ 500 mark. Stochastic indicator is recovering from the oversold level; RSI too is rising. Could consolidate here before slowly climbing to $ 597 levels. Point of caution 5 min chart stochastic in the overbought area! In other words the current price may not be an ideal buy level.