KBH Double Bottom

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Faster turn around on this one as opposed to HDSN if you like, a double bottom based on relative price structure according to Bollinger band strategy has formed. Looking for a confirmation day (an up day on good volume) to indicate a coming quick up move towards the opposite Bollinger band.

See chart for details.

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تعليق

If the confirmation day occurs, then look for it to pause for a few days at the B-D line and hopefully break through. If this happens it will lead to further upside.