IES Holdings Inc. (NASDAQ:IESC)
Old Forum Content for IESC
Make a Forum Post Become a member to view recent forum posts. Already a member? Sign in here.- beld: #confirmation What is confirmation of a double bottom? Does the breakout have to be above the middle of the W? I am looking at $IESC which is in heavy construction, awesome earnings, small cap. What price would confirmation be, or, did it fail? Thank you
- Bridget: @beld $IESC #confirmation I would say there is a difference between a double bottom and W. For a double bottom you just have to see the stock bounce at the same price level twice. Confirmation would be that the bounce holds into the close and possibly the next candle. You see the eventual failure of the double bottom at $15. For a W pattern the bottoms don't have to be at the same level per-say and you are waiting for the breakout above the top of the W just like with the head and shoulders pattern. This W I see the top as being close to $18, so a breakout and hold into the close above $18 would be confirmation of a breakout from the "W".
- beld: @Bridget $IESC #confirmation THANKS! I knew there was a difference but you made it clear.
Stock Price | $286.26 |
Change | 5.84% |
Volume | 90,776 |
The company provides network infrastructure products and services for data centers and other mission critical environments in addition to design and installation of data network systems, audio/visual, telephone, wireless and intrusion alarm systems.
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