STV Group - Is this the perfect rounded bottom?

• Scottish TV Group (Epic: STVG) has been on the DIY-Investors.com radar screen for some while. The share price graph (below) indicates that it is in the process of forming an almost perfect textbook "rounded bottom" - generally considered one of the strongest of bullish bottoming patterns.

The OBV is also strong and the RSI is also looking good. The price seems to be hugging the 200 day SMA but this in turn is now curving upwards.

The fundamentals also look encouraging. Based on the concensus forecasts for Y/E 31.12.2010, valuations are as follows:

• PER (pr) = 2.92
• PSR = 0.41
• PEG (pr) = 0.14

Being a FTSE Fledgling member, you can also tuck this one away in your self-select Maxi-ISA. Take a look and let us know what you think!