trdollar
Long

Credit Suisse - CS - Bollinger Band Squeeze + Head and Shoulders

BATS:CS   CREDIT SUISSE GROUP
103 0 0
1) Bollinger Band Squeeze + breakout
2) Inverse head-and-shoulder pattern (L=29.97, H=16.09, R=30.40; L+(L-H)=44
3) Breakout over declining tops line + retest and uptrend
4) Low volume (volatility on increase in volume )
5) Improved, high accumulation
6) MACD crossover to the upside
7) Overhead resistance currently at 36.00, 39.75, 40.00, 43.50

Credit Suisse - CS             - is showing a tight squeeze on its weekly bollinger bands from an inverse head-and-shoulders pattern. Considering its decline from above $60 share in the last several years ( Euro             Crisis), it has consolidated above 16.00-30/share range. It is starting to break out over multi-year highs. Pattern has it going to about $44/share, or a 33% gain from its current price. Very buyable 32.00-33.00 and over 34.00 (most recent high).

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