Pick stocks that have an triple bottom pattern and are under $2

Symbols

6/6/2025 02:21am

Aime

The deep research logic is organized as follows: 

Okay, let's tackle this question. The user wants stocks with a triple bottom pattern and under $2. First, I need to check the references provided. 

Looking at the references, there are a few mentions of triple bottom patterns. Reference 1 shows ELUT with a triple bottom and closing price under $2. Reference 9 talks about MERL forming a triple bottom, but the price is around $0.16, which is under $2. Reference 10 mentions ONDO with a triple bottom, but the price is around $0.84, also under $2. 

Wait, but the user is interested in specific industries like photovoltaic, quantum tech, meme stocks, etc. Let me see if any of these stocks fit. ELUT is Elutia, which I'm not sure about the industry. MERL is Merlin Chain, which is a blockchain project, so maybe a meme or crypto-related stock. ONDO is another crypto token, so that's relevant too. 

The user also prefers penny stocks with strong upward momentum. ELUT's last price is $1.82, which is close to $2. MERL is $0.16, which is a penny stock. ONDO is $0.84, also a penny stock. 

Looking at the technical analysis, ELUT has a triple bottom but the last price is $1.82, which is under $2. The user's query is about stocks under $2, so ELUT fits. MERL and ONDO are also under $2. 

But wait, the user's profile mentions interest in technical patterns like bullflags. The triple bottom is a bullish pattern, so that aligns. Also, the user likes stocks with recent increases, but the data shows ELUT had a -5.21% change, which is a drop. MERL had a surge, so that's positive. 

I need to check if there are any other stocks. Reference 6 and 11 have queries for triple bottom patterns but no results. So only ELUT, MERL, and ONDO are available. 

Now, considering the user's industries, MERL is a blockchain project, which might not fit photovoltaic or quantum tech. ONDO is another crypto token. ELUT's industry isn't specified, but it's a stock under $2 with a triple bottom. 

The user's profile also mentions low float stocks. Reference 16 shows ELUT has a float of 25.12 million, which is under 50M, so it's a low float stock. That's a plus for volatility and potential price movement. 

Putting it all together, the stocks that fit are ELUT, MERL, and ONDO. But the user's interests are more in photovoltaic and quantum tech, which none of these directly fit. However, the user is open to any stocks with the triple bottom pattern under $2, so these are the options. 

I should present these stocks with their details, highlighting the triple bottom, price, and any relevant industry info. Also, mention the low float for ELUT as it aligns with the user's interest in high volatility. 

Make sure to cite the references properly and include the visualizations where needed. The user's answer should start with a conclusion, then detailed analysis with tables, and use emojis to make it engaging.

Conclusion 🚨

Three stocks fit your criteria of forming a Triple Bottom pattern with a closing price under $2 as of 2025-06-05. These include ELUT (Elutia), MERL (Merlin Chain), and ONDO. While ELUT aligns with your interest in low float stocks (25.12M shares), MERL and ONDO are crypto-related and show recent bullish momentum. Proceed with caution, as these stocks are highly speculative and volatile.

Analysis 📊

1. ELUT (Elutia)

Metric	Value (2025-06-04)	Implication
Last Price	$1.82	Near $2 threshold
Triple Bottom	Confirmed ¹²	Bullish reversal potential
Float	25.12M shares ²	Low float, high volatility
Weekly Volatility	5.89% ²	Moderate short-term swings

Key Takeaway: ELUT is a low float stock with a Triple Bottom pattern, but its recent -5.21% price drop suggests bearish pressure. Monitor for a breakout above $1.92 (neckline) to confirm bullish momentum.

stocks formed triple bottom pattern; closing price < $2(1)

Last Price($)	Last Change%	Triple Bottom2025.06.04	Closing Price($)2025.06.04
1.82	-5.21%	True	1.92

Ticker
ELUTElutia

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2. MERL (Merlin Chain)

Metric	Value (2025-05-23)	Implication
Last Price	$0.1622	Penny stock upside
Triple Bottom	Confirmed ³	Breakout to $0.2881 potential
Market Cap	$102M ³	Small-cap growth opportunity
TVL	$343M ³	Growing DeFi adoption

Key Takeaway: MERL is a blockchain token with a Triple Bottom pattern and $1M trading competition incentives. Its $0.1622 price offers high upside if it breaks above $0.2881 (50% retracement). However, a drop below $0.10 could invalidate the bullish setup.

3. ONDO

Metric	Value (2025-06-03)	Implication
Last Price	$0.84	Near-term breakout to $1.02 ⁴
Triple Bottom	Confirmed ⁴	Long-term target of $3.50 ⁴
Support Zone	$0.84 ⁴	Repeated bullish rebounds
Volume	High compression ⁴	Potential breakout catalyst

Key Takeaway: ONDO is a crypto token with a Triple Bottom pattern and $0.84 support. Analysts project a $3.50 target if the falling wedge breaks out. However, geopolitical risks could derail this setup.

Final Takeaway 🎯

ELUT is the only stock aligning with your interest in low float stocks and penny stocks.
MERL and ONDO are crypto-related and show recent bullish momentum, but they may not fit your focus on photovoltaic or quantum tech.
Prioritize ELUT if you’re looking for a Triple Bottom pattern with low float volatility, or MERL/ONDO if you’re open to blockchain exposure.

Let me know if you’d like further analysis on any of these stocks! 🚀

Source:

1. Stocks formed Triple Bottom Pattern; Closing Price < $2