JP Morgan made a double bottom in the autumn of 2011 and managed to break above the base level at $36.63 a few weeks ago.
The classic target of a double bottom is in the $45.00 area but an eventual break below the current support at $36.63 will invalidate, at least for the moment, the target.
The most concerning clue that is against the bullish move is the descending volumes in the last months.
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