Bellatrix Explorations (BXE) has been watching its share price sinking for years but oil is in recovery now, so maybe this inverse Head & Shoulders is the reversal signal we'd all like to see. The pattern isn't quite textbook picture perfect but it looks close. The breakout happened, and the price has fallen almost all the way back to the neckline, so if we're going to get a move up it should be within the next few days!
Comment:
It looks like the pattern is busted. Oh well, it showed the signs, I think, but it looks like it's going sideways now. The second day of the breakout I bought in at 1.69 and I bailed when it hit 1.27, a 24% loss.