BRX - Inverted Head and ShouldersAn inverted H&S pattern
Right shoulder is current being experienced, which is a bullish phase as shown with the bars pattern tool in green.
Labelled left shoulder head and right shoulder.
BRX
BRX- Short from current price to 20.50BRX had massive insider/institutional selling recently. Technicall it looks weak, money-flow turned to negative & we have EMA 9 & 5 crossover. We think it will decline to 20.50 area
For trade we are looking for 27.50 or lower which we had already.
"You can check our detailed analysis on BRX in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 8:40"
Trade Status: Pending
Institutional Volume Spike and Price Action CloseFriday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely stepping back in at this level.
