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EchoAlphaBravo

Picture perfect rounding bottom

EchoAlphaBravo  
NYSE:ANFI   None
Chart Patterns Trend Analysis Harmonic Patterns roundingbottom XLP SPX (S&P 500 Index) QQQ SPDR S&P 500 ETF (SPY) IWM RUSSELL 2000
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chartpattern trendanalysis harmonicpatterns roundingbottom xlp spx qqq spy iwm rut
Shares of ANFI appear to be forming a rounding bottom, with resistance overhead at $4.40. A breakout above could cause shares to rally, but a failure opens the door for a retest of the lows or extend lower.

To be fair, I don't know much about this company's fundamentals (yet), so I'll update this as I sift thru the financials. I just wanted to point out this damn-near perfect rounding bottom. If I end up positioning one way or the other, I'll update this idea. For now, I'm neutral.

Comments? Thoughts?
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