H&S in DIVISLAB. Keep an eye for potential downside.
Updated
DIVISLAB has formed a H&S pattern. It broken down and did a pullback too. Now a red candle closing below the neckline (blue line) in daily could be a good shorting opportunity for a short term target of around 4000 and lower. Keep an eye!Note
We got a first confirmation of breakdown this morning with hourly close below the neckline and second candle breaking the low of first one. Technically speaking, a close below 3% from neckline is the final confirmation so that's still to be seen.
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Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
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