Last week I published an idea on an Inverse H&S on JNJ that was good for a $7 rise. When I zoomed way out, saw that the Inverse H&S I was looking at was the handle to a much larger Cup and Handle pattern that has been forming all year. A breakout of the Inverse H&S should send the price over the rim of the cup, signaling another larger breakout, potentially to $166
I'm new to this, and this is my first published trade, so don't read too much into this. I still have a lot to learn. I was looking at the chart for CELG today and noticed what looks like a inverse H&S pattern. The neckline is projected out to around the $95 mark. If the pattern completes, possible sell price of $109. We just had a recent crossover on the MACD...
CAT is near a breakout on a Cup and Handle formation that has been building over the last 5 months. Cup rim is at $157.72. Potential breakout to $183.51
Inverse H&S pattern for SLB broke out at $62.13. Neckline is pretty slanted, so conservative target $66.11, ambitious target of $71.23
I believe there is a very ugly H&S pattern on NFLX showing up on the 4 hour chart. If price drops below $318, the pattern could send the price below $200... Keep an eye on this one.
Been tracking JNJ for a few days now. It's been following pretty predictably after an inverse H&S at the bottom and has been on a smooth ride up since. There's strong resistance at the $140 line, and it has already bounced off of it twice. If it crosses, we could have a potential breakout to $152.
NFLX Broke support on a rising wedge pattern on the 4h chart at $373.88