double-bottom

[duhb-uhl-bot-uhm]

noun

1. tandem trailer.

Example Sentences

YPF in Argentina broke above a weekly double-bottom pivot at $37.77 in a 10-month base.

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On the daily chart, shares are hovering around a double-bottom pivot at $24.85.

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Traders could look to enter here, with plans to add on a breakout above the double-bottom trigger at $47.12.

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McKenzie, a former Exxon official and supporter of double-bottom requirements, said, “If the American Trader had had a double bottom or hull, this accident wouldn’t have spilled any oil; it wouldn’t have made a blip in the news.”

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Against the yen, the dollar rose to 114.05 yen JPY=, recovering further from its double-bottom near 111 hit last month.

Read more on Reuters