jangseohee
Short

Retest of neckline failed again

NYSE:BXS   BANCORPSOUTH INC
24 3 2
The formation of H&S consolidation seems like a top. After the uptrend line was broken, to make matter worst, it gap down and broke the neckline. There was an attempt to retest the neck line and break through, but the resistance at 22.18 was so strong that it repel the price below the neckline. Next support level is around 20.19. Failing to hold means more downside to come.
jangseohee
2 years ago
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jangseohee
2 years ago
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jangseohee
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