Keep an eye on this pattern ----FFIV

FFIV has been forming a nice bottoming pattern. i would put in a stop just under 100 at 99.45. you could get a quick 7 points. as always, technical analysis is not an exact science but this pattern looks good thus far.
 
i see it broke through my price point. lets see where it closes the volume looks a bit heavy so be careful until we get more clarity.
 
Quote from NY_HOOD:

FFIV has been forming a nice bottoming pattern. i would put in a stop just under 100 at 99.45. you could get a quick 7 points. as always, technical analysis is not an exact science but this pattern looks good thus far.

I don't see this at all, lower highs/lows to me means going down. Most bottom patterns don't have gaps. I wouldn't be surprised if it broke the lows set in July.
 
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