Walton - Inverse Head and Shoulders, Target Gains ~60%
I like this setup for Walton on the 4H time frame. We can see the price action has been making moves in July. It broke through the orange descending channel two weeks ago. It continued on to break the neckline, and has since confirmed it as support. I think this is a great second chance opportunity to enter long. We have a bullish cross on the MACD , which remains in bullish territory above the zeroline. I have two targets as indicated on the chart. I will be watching the price action, but my plan secure some profit at the IHS target around 650 and let the rest ride. Hopefully some FOMO buyers will push the price to my second target.
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