Aspen Technology $AZPN has been in a sharp bearish correction, ending about two and a half years of strong bullish push from a low of $30 in early 2016 to almost $120 by Sept. 2018. Then the market "crashed" and dragged AZPN with it. AZPN Daily Chart(click to enlarge)Rising Trendline and a Double Bottom:- The daily chart above shows price holding above $75 a share. This level was tested twice and it held, forming a double bottom.- A break above $88.15 would complete the double bottom.- However, I think there is a strong potential for resistance as price pushes towards $100. Here we will see the 200-day and 100-day simple moving averages. We will also see a previous support/resistance pivot. Also $100 is a psychological level.- I see downside potential towards $60, around the 200-week simple moving average. - AZPN as well as the general equities market are in a correction against a multi-year bull run that became mania-like.- This is why I think there is still so much more downside in a volatile tech name like AZPN. - A break below $74.75 should first open up the $68-$70 area. - I would start to anticipate support here, but would not be surprised by a dip to $60 before the market finds strong support.AZPN Weekly Chart(click to enlarge)