Upsloping H&S pattern.
Weak rebound from neckline.
Possible area to start shorting at $58-$59.50
Target profit 1 area at neckline/ up trendline i.e around $52.50-$52
Target profit 2 area at next support around $48.50-$50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Weak rebound from neckline.
Possible area to start shorting at $58-$59.50
Target profit 1 area at neckline/ up trendline i.e around $52.50-$52
Target profit 2 area at next support around $48.50-$50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Note
oh well! Set the entry too high :)Hope you managed to capture this move!
P/S: Apparently 2nd Qtr revenue topped expectations, but yet share price dropped. That's why I prefer to follow the price chart than anything else
Order cancelled
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.
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.