NYX: Double Bottom or Preparing for the Next Leg Down??
Hey guys,
Check out the chart on NYX. If I am not mistaken the chart pattern looks like a double bottom formation. While it is not a perfect double bottom, the timing couldn't have been any better. With the EuroNext merger a done deal, one would expect that traders and investors are preparing to ride the hype and help the stock appreciate in value. Keep an eye on it as only time will tell.
1 Comments:
5/21/07
Ok, so it is a double bottom folks. It is up almost 6% from where I called it. NYX makes a good long at the current price level.
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