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The long-term double bottom on display, shows the current uptrends neckline to be 0.50.

Therefore if the stock is to cross that important threshold, it would confirm it's reversal.

As with the majority of double bottoms, after crossing a neckline a false break/pullback occurs. This is in most cases a temporary pullback before proceeding it's uptrend, which I believe will conclude at 1p'ish

Onwards and upwards 🎯

Https://www.londonstockexchange.com/news-article/TEK/innovative-eyewear-partnership-with-privato/16017215

All the best to you and future investments too. 🎯

That's what I'm here for Topcatz, the future from multiple revenues will eventually come into fruition.

If this reversal holds, which I fully expect it too, then the climb to pass many milestones has now started.

Looking at the technical patterns from this stocks chart, there is plenty of double bottoms to come into play as the stock moves up.

Yes sure there will be false breaks/pullbacks as she hits resistance, but the theme will likely be a continued double bottom process, which will likely bring an end result of new stock price highs.

This is a long-term hold for myself, so plenty of time to see this come into fruition.

Momentum currently starting to get established from that move off the 2021 key support.

The current Technical Bollinger outlook also looks good.

The stock is currently going into a Bollinger channel, where it will go through a contraction phase before going into a expansion/explosion phase.

Onwards and upwards 🎯

Stock has been moving through a Bollinger channel for sometime now. The bands were in contraction and recently moved into a potential expansion/explosion phase.

This is shown on the zoomed out daily chart using Bollinger.

If this new expansion phase is to be successful, I would expect a significant move either to the upside/downside in the short-term

So far this current move off key 2021 support levels, is unfolding like a phoneix rising from the ashes⚱️

If the reversal is to hold, I fully expect this to eventually challenge for new highs.

GL 🎯

As previously posted stock was at key 2021 support.

The stocks current movement is now trying to put a reversal in motion, time will tell but so far all is pointing in that direction.

Onwards and upwards 🎯

Triple bottom currently showing on its Technical chart, after she previously false breaked from crossing it's double bottom neckline.

Now has an excellent chance of retesting and holding above that line, to further it's gains, for what should be a very bullish reversal.

Will be interesting to see if a reversal will be triggered off the key support, created way back during 2021.

Interesting setup if she does, with so many Technical Reversal Patterns to help propell her back Upto where she belongs.

Shorts will be livid if she (BLOWS)

Yesterday's double bottom eventually failed to live up to its normal bullish advance.

The stock looked like it was going for gold before doing an aboutturn south. A little over extended pullback, too be expected in high voltility stocks.

The stock is currently producing another double bottom on the daily chart, for a potential finale day upturn.

False breaks/pullbacks from reaching a neckline are common and normally short lived before proceeding up to retest that previous point.

Lovely bounce off the bottom of its lower Bollinger band.

Good volume now showing, should push this back up on to the upper Bollinger band where momentum uptrends often occur.

The stock producing constant bullish patterns on many timeframes, is a clear indication on which way the stock wants to go 🚀

The stock is currently also at the bottom of its technical Bollinger band, where bounces often occur.

Interesting to watch as the stock produced a double bottom on the downturn yesterday, which is now in its final stages and will will reveal shortly which direction the stock will go.

Good volume likely send the stock north.

Low volume might open the doors to shorts, as they prey on weakness.

BULLISH (RNS) Sends this🚀

Decades of research reveal the double bottom pattern has an 88% success rate in bull markets and an average profit potential of +50%+. The double bottom chart pattern is one of the most reliable and accurate chart indicators for traders.

What I have worked out over the years, is that the shorter term charts will work off it's larger technical patterns by producing constant bullish technical patterns until that movement tails off.

SYME stock is currently going through that process and if continues should rise from the ashes like a phoneix 🕊️

Double bottom write up link

https://www.liberatedstocktrader.com/double-bottom-pattern/#:~:text=Decades%20of%20research%20reveal%20the,accurate%20chart%20indicators%20for%20traders.

The false break/pullback I previously mentioned once a stock hits that important neckline, is currently in-effect. I also stated these are normally short lived. The good news is that the stock also created another double bottom on the drop, currently going through its pullback/false break from its neckline.

So I would expect if a successful setup, the stock to go and break the smaller double bottom before resuming its bullish reversal.

A bullish (RNS) Release would undoubtedly give that extra fuel that's needed to keep this momentum in full swing and created a full on short squeeze.

GL🎯

I personally think this will consolidate around 0.20 before initiating a full on double bottom bullish reversal, short squeeze type of run.

0.200 / 0.261 / 0.386 / 0.422 / 0.510 / 0.572 are some key resistance points, should syme going on to fullfil its bullish reversal.

Stock price action is currently at that important double bottom neckline. It's here the stock either proceeds forward or a false break/pullback will occur.

In most cases this is short-lived before going on to retest and potentially break that important neckline to start a very bullish reversal, from its long-term setup.

GL

0.141 is where the neckline of its long-term double bottom.

Breaking that line often occurs a false break out/pullback, before going on to retest and potentially break that important neckline. If the price action holds above, the stock will proceed with a very bullish (REVERSAL)

GL Has been a long time in the making.