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CptWORLD
Nov 9, 2020 7:31 AM

potential H&S pattern on coats group. Short

COATS GROUP PLC ORD GBP0.05LSE

Description

there could be forming a BIG H&S pattern on coats group.

I am shorting here with a close SL just above last High.
Ill take profit at the drawn support line and watch closely to re open a new short when that support gets broken, which IMO confirms the H&S pattern.

Comment

Note: this could also turn into a rising wedge.
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