Triple Bottom Line (TBL)

Well, if you eat too many of those awesome Starbucks muffins, and add all that creamer to your latte, this is what happens. What'd you expect?

The triple bottom shape is a common one, and chartists follow the pattern religiously. The stock traded from $11 to $18, then back down, then up to $18 again, then back down to $11 again...so that third time it kissed $11, it's probably a chartist's buy signal, right? The stock hasn't dropped below $11 in recent history; investors must think that there's some base value or asset there, so the shape creates a floor. So you buy at $11, and maybe trade out in the high teens, and chalk a win.