The Double Bottom Formation?

Hi, i'm just a beginner in the stock market. But I just want to share what i think about OCK chart pattern.

OCK has made an obvious pattern of a double bottom.

I think this double bottom is forming a new uptrend.

First, the price has already breakout the resistance and there has been a return move back to the resistance trend line.

The resistance should have been a new support,

However the price has already break that line, but is currently rising up again.

With increase volume, i think OCK can manage to form a higher target price and will continue to form an uptrend.

Disclaimer: This is not a buy or sell signal (Especially when it comes from me; a beginner hehe)

Thank you for reading, please correct me if i'm wrong

Happy trading,
Izwanaizil (izwanaizil.com)
Chart PatternsTechnical IndicatorsTrend Analysis

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