GWO Double Bottom 200SMA

4 ก.พ. 2020GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)