After Forming Double Bottom Chart Pattern, Is Woori Bank Co., Ltd. (WF)’s Near-Term Analysis Negative?

March 19, 2018 - By Maria Brooks

The chart of Woori Bank Co., Ltd. (WF) shows a double bottom with $40.54 target or 8.00 % below today’s $44.07 share price. The 8 months chart pattern indicates high risk for the $9.89 billion company. It was reported on Mar, 19 by If the $40.54 price target is reached, the company will be worth $791.20 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.29% or $0.13 during the last trading session, reaching $44.07. About 204 shares traded. Woori Bank Co., Ltd. (NYSE:WF) has risen 62.14% since March 19, 2017 and is uptrending. It has outperformed by 45.44% the S&P500.

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