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Benzinga
Benzinga
Business
Melanie Schaffer

Reversal Patterns For Meta Platforms (Facebook), eBay And Lululemon: Is The Bottom Forming?

Lululemon eBay LULU Meta Nasdaq

eBay, Inc (NASDAQ:EBAY), Meta Platforms, Inc (NASDAQ:META) and Lululemon Athletica, Inc (NASDAQ; LULU) have created double bottom and triple bottom patterns on the daily chart.

A double bottom pattern is a reversal indicator that shows a stock has dropped to a key support level, rebounded, back tested the level as support and is likely to rebound again. It is possible the stock may retest the level as support again, creating a triple bottom or even quadruple bottom pattern.

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