Double Top Formation on GEHC - Bearish BreakdownGEHC is showing a potential double top around the 94.50 level. A confirmation of the breakdown is expected if the price falls below the confirmation level. This setup suggests a move toward the target of 58.91, with a stop loss placed above the 95.87 level.
Key Levels:
Entry: Below confirmation level 🔻
Stop Loss: 95.87 🔴
Target: 58.91 🟢
Analysis:
GEHC is forming a double top pattern, with strong resistance at 94.50. If the price breaks below the confirmation level, we could see further downside toward 58.91. A stop loss above 95.87 ensures protection against a false breakdown.