BIL | Inverted H&S
Updated
The stock has broken out of the inverted head and shoulder pattern through the neckline resistance at 6.20. However, it has yet to break through the descending trendline resistance and the 30-day moving average. The existing head and shoulders and RSI trendline breakouts suggest a potential bullish movement of the stock.
Note
The inverted head and shoulder pattern has been invalidated. Check related ideas below (BIL | Taking a wait and see approach) for the updated chart.
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