Head and shoulders pattern 6 month. Broke down vs S&P500
Neckline support, now resistance = 200 sma
Broke Uptrend_line channel ( blue ), within Downtrend break_line channel.
Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible).
52wk Range: 57.38 - 83.37
Staying below, ~74 level
Target 63 (38.2 %)
Stop : 74.50
Neckline support, now resistance = 200 sma
Broke Uptrend_line channel ( blue ), within Downtrend break_line channel.
Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible).
52wk Range: 57.38 - 83.37
Staying below, ~74 level
Target 63 (38.2 %)
Stop : 74.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.