Duolingo: 7.3% rebound confirms the double bottom
Duolingo rebounds 7.3% as the double bottom holds and the buy signal stays alive
Duolingo: 7.3% rebound confirms the double bottom
Our view last week
Duolingo shares bounced 14% off a double bottom in the 106 area, but the week closed down 0.8% as sellers dominated the last session by a wide margin. In our weekly technical analysis the trend is losing conviction — ADX declining, MACD worsening — while the trade stays up 12% since entry.
This week's summary
Duolingo closes the week with a 7.3% rebound, confirming the double bottom in the 114 area after a 22% intermediate recovery off the lows. The weekly trend loses conviction — the ADX is falling — but the MACD, unlike last week, turns better again: a two-sided picture. The buy signal is in its 7th week, with the trade already up 20% since entry.
IQS Phase
61
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#54 / 112
US stocks in progress
Trade P&L %
+20.20%
from signal to today
restricted Platinum content