Tweezer Bottom formation or Double shooter Formation is a Good Bullish Call and one can be Bullish on The stock.
Tweezer Bottom Or Double Shooter Refers to Two Adjacent Candles having same lows.The second candle in this 2 candle pattern should be green
In the above example HCL Tech made equal lows of 745 on 25th and 26th June 2013. The signal would be confirm if the third candle after the formation of Double Shooter Moves up. If one would have been long with the initial stop of 745, the results are in front of everyone.
Today the stock is at 1070
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