Head and Shoulders X 2/ Earnings 4-26Yearly low is 186.67. Three year low is 133.93. ATL is 10.95.
Earnings on the 26th after market closes. It appears they are expected to do okay at earnings according to analysts. Either way, it is often how the news is received verses the actual news itself.
This does not look so good. 2nd head and shoulders appears to be forming unless there is a huge move up very soon to surpass the triple top that formed on the 2nd possible shoulder. V appears to be gasping for air.
There are older gaps below price that can kick in as support. Price is below the longer term DMAs. Price is still above the neckline and this is support until broken with a downtrend. This is a tall structure which can mean deeper targets down if the neckline is broken. )o: Nothing is written in stone. Mr. Market will do what Mr. Market does and it does not always seem logical.
I will revisit this as if this is headed down, it can be painfully slow )o:
No recommendation.
Economists have predicted 14 of the last 3 recessions.
