Head and Shoulders at the Midway point of Trading Range
On the weekly we are currently closing below the 55 week moving average and potentially double topping while on the daily we are trading within a range potentially creating a Head and Shoulders pattern that if broken would likely take us to the bottom of the range.
If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120.
I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months.
For more on this you can view my idea on Visa in the related ideas section.
If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120.
I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months.
For more on this you can view my idea on Visa in the related ideas section.
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