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Rounding bottom

1. Introduction

Rounding Bottom is a bullish pattern, which is formed by a long-term price consolidation at the bottom resulting in a bowl-like pattern. The formation of this pattern means that the long-term sideways trading is about to end, and the stock price is likely to break through upward.

2. Feature

2.1 The pattern is usually formed when the stock price has been falling for a long period of time, and the buying and selling strengths reach an equilibrium, resulting in the stock price going sideways. The buyers' power may be strengthened in the future, forming an expected upward trend;

2.2 The fluctuations at the bottom of the arc are mild, but the duration is long;

2.3 Once the bottom of the arc breaks through upward, the stock price is likely to continue rising.

3. Example

002535 has a Rounding Bottom Pattern on June 18, 2021.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.